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Estonia to expand solar-power production with €62 million EIB, SEB and Luminor loan to renewables company Sunly
The European Investment Bank (EIB), together with local commercial banks SEB and Luminor, is lending the Estonian renewable energy company Sunly €62 million to build and operate a solar park in the country, accelerating the Baltic region’s green transition and electricity independence. The EIB is lending €31 million to Sunly, while the remaining €31 million is covered by SEB and Luminor.
Lithuanian firms invest strongly in building up climate change resilience, EIB Investment Survey shows
A large majority of Lithuanian firms have taken actions to reduce greenhouse gas emissions and tackle the impact of adverse weather events, according to the European Investment Bank (EIB) Group Investment Survey country results released today. The figure is 8 percentage points higher than the EU average. Lithuanian firms are also ahead of EU peers when it comes to innovation, leading with 10 percentage points above the EU average, the survey shows.
Lithuania financing from EIB Group totals €449 million in 2024, boosting business and green investments
The European Investment Bank (EIB) Group’s financing in Lithuania last year amounted to €449 million, spurring business investments and accelerating the country’s green transition. The total for 2024 includes €240 million from the EIB and €209 million from the European Investment Fund (EIF), which targets small and medium-sized enterprises (SMEs).