Vanessa Paul
- European Investment Bank
- 98-100, boulevard Konrad Adenauer
- L-2950 Luxembourg
The European Investment Bank (EIB) Group exceeded its targets for cohesion financing across the EU in 2023, supporting projects to mitigate regional disparities. The third annual report on “EIB Group activities in EU cohesion regions” highlights how targeted support unlocks regional potential and has a direct impact on improving people’s lives. It also underlines that regional convergence across the EU requires more social investments and connectivity.
The Solas Sustainable Energy Fund ICAV (SSEF), an EU-focused fund advised by Solas Capital AG targeting energy efficiency and behind-the-meter renewable energy investments, has reached final close with investment commitments of €220 million. A recent additional €80 million commitment from investors follows the launch of the fund with €140 million in February 2022. MEAG, the asset manager of Munich Re and ERGO, has contributed a substantial amount to SSEF on behalf of the Munich Re Group and other institutional investors.
At the COP27 climate conference, the European Investment Fund (EIF), Europe’s largest venture capital and private equity financier, signed investments totalling €247 million to enable five equity funds to back €2.5 billion of climate action investment that helps to deliver the European Union’s climate and energy targets.