Press Office
- European Investment Bank
- Communication Department
- 98-100, boulevard Konrad Adenauer
- L-2950 Luxembourg
- Luxembourg
In September 2023, the European Investment Bank (EIB) — via its development arm, EIB Global — and COFINA Group finalised a €25 million (XOF 16.5 billion) financial partnership to strengthen support for the private sector and agricultural value chains, including €16 million in Côte d'Ivoire (XOF 10.5 billion), with the backing of the European Fund for Sustainable Development Plus (EFSD+).
The European Investment Bank Group provided an unprecedented €1.6 billion backing for transformational investment across Ireland last year. The 2023 investments are helping companies to expand and create skilled jobs, homeowners to cut energy bills, increasing renewable energy generation and supporting the development of the new Cork University Business School (CUBS). This represents the largest backing for new investment in Ireland by the European Investment Bank Group since the first operation in 1973.
The European Investment Bank (EIB) is providing a loan of close to €45 million for an innovative geothermal heating project Eavor-LoopTM in the German state of Bavaria. Canada-based Eavor will implement its closed loop geothermal technology for the first time at commercial scale in the Bavarian town of Geretsried. In contrast to conventional geothermal heating, the Eavor-LoopTM technology does not capture heat from subsurface water or steam reservoirs. Instead, the company drills deeply into the earth and harvests the heat directly from underground rocks.