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Monday, June 25, 2018

New fundings for renewable energy projects in France and Germany

Social Affairs, Energy, Environment, Innovation,-,

News Under the Junker Plan, the European Investment Bank (EIB) and Franco-German regional bank SaarLB have signed a 70 million euro guarantee agreement.

The guarantee agreement signed between the European Investment Bank (EIB) and Landesbank Saar (SaarLB) will cover up to ten existing loans granted by SaarLB for wind and solar projects in France and Germany. This partial risk participation will help SaarLB to grant additional loans of almost 140 million euro.

This transaction is the second tranche of a €150 million guarantee framework between the EIB and SaarLB, with the first EIB guarantee for €80 million signed two years ago. This made it possible for SaarLB to provide seven additional loans for wind power projects totalling over 160 million euro.

Source :  Press room - European Commission


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