EIB loans for first-of-a-kind projects (2024)

The EIB offers loans for first-of-a-kind projects, either directly to large companies or via financial intermediaries for SMEs. Several loans in 2024 were for energy projects: the equivalent of USD 700 million for offshore power transmission; USD 550 million for direct lithium extraction; USD 275 million for advanced biofuels and upgrading with electrolytic hydrogen; and USD 100 million for a 5th generation heating and cooling network. In 2024, it also launched the Sustainable Investments (InvestEU VD) Lending Envelope equivalent to around USD 550 million of risk capital, with three out of nine focus areas related to energy.

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