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Austria: EIB supports Zumtobel Group in the development of innovative lighting solutions
The European Investment Bank (EIB) has granted a €50 million loan to the Zumtobel Group to boost its research and development of innovative lighting solutions. The funding will support R&D projects in the lighting group’s EU locations that are planned for the next three financial years, with a total budget of €191 million.
Sweden: Industrial equipment maker SKF to accelerate Europe’s green transition with €430 million loan from EIB
The European Investment Bank (EIB) is lending €430 million to Sweden-based SKF, a global leader in bearings and seals manufacturing, to support research, development and innovation (RDI) central to greening Europe’s economy. The company will use the EIB credit to advance technologies in bearings, seals and lubrication systems over the coming four years at sites in six European countries: Austria, France, Germany, Italy, the Netherlands and Sweden.
Austria: EIB supports PÜSPÖK with €80 million for agrivoltaics
The European Investment Bank (EIB) is providing €80 million to the PÜSPÖK Group to build six agrivoltaic farms in Burgenland, Austria. This innovative project is being financed together with Erste Bank of the Austrian group of savings banks (Sparkassen). Erste Bank is providing a loan of €43 million, of which €28 million will be refinanced by the EIB.