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Denmark and Luxembourg win Efsi funding

Grants from the European Fund for Strategic Investments have been announced for a Danish infrastructure programme investing in renewable energy projects and a scheme in Luxembourg to support small and medium-sized enterprises.

The Copenhagen Infrastructure II fund will be allocated €75 million of Efsi funding via the European Investment Bank, the EIB said on 2 July. The fund will invest in large energy-related projects such as offshore wind and biomass schemes. 

On 3 July, the European Investment Fund announced it had reached an agreement with the Banque Internationale à Luxembourg SA that will allow the bank to provide  €60 million to innovative local small and medium-sized enterprises and mid-caps—firms with a market capitalisation of between $2 and $3 billion. The transactions will be guaranteed by Efsi funding. 

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