Austria

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.

Austrian respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Among the challenges facing their country, Austrian respondents ranked climate change third, after the cost of living and large-scale migration. Many believe that investing in adaptation now will also prevent higher costs in the future.

The European Investment Bank (EIB) is extending loans totalling as much as €175 million to two Austrian savings banks for the construction of affordable and green housing in the cities of Salzburg and Innsbruck. The EIB loans are up to €100 million to Salzburger Sparkasse Bank AG and as high as €75 million to Tiroler Sparkasse Bank AG.