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Poland: EIB doubles to more than €420 million financing to ORLEN Group to boost power distribution network
European Investment Bank (EIB) and ORLEN Group, Poland’s largest energy company, signed a second PLN 900 million loan agreement this year to finance projects supporting energy transition in the country. Totalling PLN 1.8 billion, EIB funding will be used to strengthen and expand power distribution network of system operator Energa, which is majority owned by ORLEN.
Prologis secures €225 million EIB loan to accelerate solar and energy projects across Europe
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate has secured a €225 million framework loan from the European Investment Bank (EIB) to advance its plans to produce electricity from low-carbon sources through solar panels on the roofs of its logistic centres, alongside battery storage systems to enhance energy resilience. The rollout will be across several of its locations in Western and Central Europe.
Poland: EIB Group signs first synthetic securitisation backed by solar panel loans to private individuals with PLN 625 million to Inbank
The European Investment Bank Group (EIBG) signed its first synthetic securitization transaction backed by solar panel loans to private individuals in Poland with Inbank, an Estonian financial technology company with an EU banking license. The transaction, which is also Inbank’s first securitisation, will allow the bank to offer up to PLN 701 million (over €160 million) in new lending in the next three years to private individuals in Poland willing to install solar panels and heat pumps.