US EditionEIB Group Pledges €17.5 Billion for SME Energy Efficiency
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11 Articles
Among the Community objectives to move towards a more sustainable economy, one of them is to reduce polluting emissions and strengthen the competitiveness of the European business fabric, particularly in the case of small and medium-sized enterprises (SMEs).SMEs account for more than 90% of businesses in Europe and generate an essential part of employment and innovation; however, many of them lack the financial and technological resources needed…
It was also announced that the EIB has entered into a partnership with the non-profit organization Solar Impulse Foundation to promote a model known as "servitization", or energy efficiency as a service.
EIB | More than 350,000 European companies to get energy efficiency support under major EU financing initiative | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources More than 350,000 European compan
EIB Group pledges €17.5 billion to support energy efficiency improvements by small and medium-sized European businesses. Commitment aims to spur energy savings by more than 350,000 companies over next three years, nearly doubling EIB Group financing in this area. EIB Group also teams up with nonprofit Solar Impulse Foundation to promote energy efficiency as a service. New report highlights drivers of and barriers to energy efficiency investments…
EU to Provide €17.5 Billion Financing for Energy Efficiency, Decarbonization Projects for SMEs
The European Investment Bank (EIB) announced today that it will provide €17.5 billion in funding over the next three years, supported by the European Commission, for the energy efficiency for small and medium-sized enterprises (SMEs) initiative. The EIB said that more than 350,000 businesses will receive support through the initiative, with the program backing energy […]
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The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, BusineMore than 350,000 European companies to get energy efficiency support under major EU financing initiative
More than 350,000 companies across Europe are set to make energy efficiency gains through a €17.5 billion financing initiative by the European Union.
The European Investment Bank (EIB) will finance 350 billion European companies with EUR 17.5 billion in the next three years to improve energy efficiency, said in a communiqué. The aim of these loans, said the EIB Group, is to reduce the energy factor and increase the competitiveness of small and medium-sized enterprises (SMEs). With this funding, the EIB and the European Commission want to mobilize a total investment of EUR 65 billion to increa…
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