EIB to invest 4.3 billion Euros into Renewables and Smart Grid

Renewable energy projects from Western Europe to Southern India would benefit from a European Investment Bank financing package approved last month.

European Investment Bank (EIB), the world’s largest international public lending institution, set aside €4.3 billion for energy sector initiatives within a total of €12.4 billion investment projects that were approved. “These include onshore wind, hydropower and smart meter projects in Italy, energy efficiency, solar, wind and district heating projects in France, reinforcement and extension of natural gas distribution in Ireland and Spain, and financing of renewable...