The EU Bank is supporting new investment in sustainable transport, renewable energy and helping small companies harness business opportunities.

The European Investment Bank (EIB) board approved EUR 4.3 billion of new financing for energy projects.

These include onshore wind, hydropower and smart meter projects in Italy, energy efficiency, solar, wind and district heating projects in France, reinforcement and extension of natural gas distribution in Ireland and Spain, and financing of renewable energy and energy efficiency in India.

President of the European Investment Bank, Werner Hoyer, said the impressive range of new projects aim to improve business opportunities, ensure better access to clean water, and green energy.

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