The European Investment Bank has selected four additional projects to receive funding under the European Fund for Strategic Investments.
The list of projects earmarked are improvements to the Spanish gas distribution network, a project to increase energy efficiency in France, a renewable energy-powered pulp mill in Finland, and cross-border energy investment in northern and Western Europe. However, the exact amounts that each project will receive are still pending confirmation.
With this decision, the bank is signalling that Efsi will fund projects to tackle climate change. In its statement on 19 May, the EIB says it will support these projects even if they do not receive a guarantee under Efsi when the fund is confirmed.