EIB PLOTS MAJOR GREEN ENERGY FINANCING
April 1st, 2011
BY KEITH NUTHALL
MAJOR investments in renewable energy are being plotted by the European Investment Bank (EIB) as the European Union (EU) tries to make good on its renewable energy directive targets.
The latest project memoranda at the EIB show plans to lend up to Euro EUR300 million to leading Italian banking group Intesa Sanpaolo (and subsidiaries Mediocredito Italiano and Leasint) for on-lending to renewable and energy efficiency projects.
The move would follow another on-lending initiative from the EIB for renewable energy companies, with a EUR100 million ...
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