(IN BRIEF) The European Investment Bank has granted WEMAG a €220 million loan to finance the expansion and modernization of electricity grid infrastructure in West Mecklenburg. Covering more than one-third of WEMAG’s planned investments over the next four years, the … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Technology
Tagged battery storage, Caspar Baumgart, EIB, electricity grid expansion, energy security, energy transition Germany, European Investment Bank, grid modernization, Manuela Schwesig, Nicola Beer, Renewable Energy Infrastructure, REPowerEU, Thomas Murche, WEMAG, WEMAG Secures Major EIB Financing to Modernize Renewable Power Grid Infrastructure, West Mecklenburg
(IN BRIEF) The European Investment Bank has signed a €100 million loan agreement with Orkuveitan to fund the expansion and renewal of electricity and geothermal heating networks in the Reykjavík metropolitan area. The project will help meet rising energy demand … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Iceland, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Luxembourg, News
Tagged climate action investment, EFTA Facility, EIB, EIB Funds Reykjavík Energy Upgrade with €100m Loan to Boost Sustainable Power and Heating, electricity grid expansion, European Investment Bank, geothermal district heating, Iceland 2040 carbon neutrality, Iceland electrification, Karl Nehammer, Orkuveitan, renewable heat production, Reykjavík energy infrastructure, sustainable utility networks, Sævar Freyr Þráinsson, Veitur Utilities
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