The European Investment Bank (EIB) has approved €16 billion in new financing aimed at supporting Ukraine’s energy security, promoting Europe’s green transition, enhancing urban development, and reinforcing global partnerships. This comprehensive funding package demonstrates the EIB’s strategic role in fostering sustainable growth, competitiveness, and resilience across Europe and beyond.
Within Europe, €5.4 billion has been allocated to projects advancing the green transition and energy security. Key initiatives include an offshore wind farm in the Baltic Sea, small-scale photovoltaic plants and battery storage systems in Italy, modernization and expansion of electricity grids in Germany, renewable energy projects in France, and broader energy efficiency improvements throughout the EU. Additionally, the EIB is backing water and wastewater management projects in Belgium, urban development in Croatia and Poland, new schools in France and Lithuania, and sustainable transport solutions in France.
A new securitization and guarantee facility is expected to unlock over €13 billion for small and medium-sized enterprises (SMEs) through financial intermediaries. This mechanism allows banks to free up capital for new loans to households and businesses while sharing credit risk with investors, highlighting the EIB Group’s leading role in Europe’s securitization market and its contribution to the integration of European capital markets.
For Ukraine, the EIB approved a €500 million package to strengthen energy security and support affordable housing. The financing will enable state-owned energy utility Naftogaz to replenish natural gas reserves ahead of winter, addressing urgent needs after extensive damage from Russian attacks. As part of Ukraine’s energy transition, Naftogaz will reinvest an equivalent amount in renewable energy and decarbonization projects, with technical assistance from the EIB and backing from the European Commission under the EU Ukraine Investment Framework.
The housing component will focus on the pilot development of 1,600 affordable units, providing technical support and additional resources to rebuild a sector severely affected by the conflict.
Globally, the EIB Board approved projects to strengthen EU partnerships, including initiatives addressing climate and gender in Brazil’s Amazon region, advancing green energy in Mauritania, improving water supply and security in Pakistan, and supporting Nigerian small businesses in the green and digital economy. These investments underscore the EIB’s commitment to sustainable development and resilience on a global scale.
