Nicola Beer

The European Investment Bank (EIB) together with its subsidiary, the European Investment Fund (EIF), has backed the German energy company Enpal in creating Europe`s first public solar securitisation, worth €100 million.  

The European Investment Bank (EIB) will provide a multi-beneficiary intermediated loan (MBIL) of €100 million to Haspa, Germany’s largest savings bank based in Hamburg. Haspa will then provide financing to small and medium-sized companies (SMEs) and mid-caps with up to 3 000 employees in Germany.

Six in ten respondents in Germany recognise the need to change and adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Of the challenges facing their country, they ranked climate change as the third-most important, after large-scale migration and the rising cost of living. Many believe that investing in adaptation now will not only boost the economy, but will also prevent higher costs in the future.