EIB makes first financial transaction under EFSI
The European Investment Bank (EIB) has announced that it is backing an innovative renewable energy infrastructure fund in Denmark as the first financial transaction under the Investment Plan for Europe.
The EIB is providing equity-type financing of up to € 75 million to Copenhagen Infrastructure Partners (CIP) for an innovative infrastructure fund (Copenhagen Infrastructure II) investing in large energy-related projects such as offshore wind, biomass and transmission schemes. The EIB financing will be proposed for backing by the EU budget guarantee under the European Fund for Strategic Investments (EFSI).
Jonathan Taylor, EIB Vice-President responsible for lending in Denmark, commented by saying,“We are proud to support this innovative fund, as it will contribute to the achievement of European targets for renewable energy generation and CO2 emissions reduction, safeguarding and creating at the same time a significant number of jobs. This first transaction in Denmark under the Investment Plan for Europe shows that the EIB is honouring its commitment to roll out the initiative even before the EFSI is officially launched.”
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