GERMAN RENEWABLES
March 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) has drawn up plans to finance renewable energy projects in Germany, marking a change in mood towards supporting such green schemes. Up to Euro 200 million would be invested, mainly in wind power plants, and to a lesser extent geothermal, small-scale hydro power, solar energy and biomass based energy projects. This contrasts positively with the average EIB annual spend for all EU countries on renewables from 1993 to 2001 of just Euro 220 million. Also, in the past, the bank has focused on medium and large-scale ...
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