European Commission and EIB announce new partnership to support investments in the European battery manufacturing value chain
European Commission and EIB announce new partnership to support investments in the European battery manufacturing value chain
12/04/24, 8:08 AM
Location
azerbaijanMoney
€200 million
Industry
solar
energy
Type
partnership
The European Commission and the European Investment Bank (EIB) have announced a new partnership to support investments in the EU’s battery manufacturing sector. This partnership will provide a €200 million top-up (loan guarantee) to the InvestEU programme from the EU Innovation Fund and will result in €3 billion of public support in total for the development of a competitive and sustainable European battery industry.
Company Info
Location
azerbaijan
Additional Info
The European Investment Bank Group (EIBG) is the European Commission and the Solar Impulse Foundation (SIF) have presented a pilot initiative to bolster energy efficiency investments benefitting small and mid-sized enterprises (SMEs).