Tag: eib
Eavor’s Geretsried Pivot Raises Hard Questions About Next Gen Closed-Loop Geothermal
The recent GeoExPro interview about Eavor’s next-generation geothermal Geretsried project lands less like an update and more like a stress test result. Eavor was one of the more serious next-generation geothermal companies I had assessed, but that was never the same thing as saying it had solved geothermal. It had … [continued]
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European Investment Bank Gives Green Light to €3bn for Clean Transition
European Investment Bank approves ETS2 Frontloading Facility The European Investment Bank (EIB) board has approved a €3bn Frontloading Facility which provides revenues to countries to spend on preparing citizens for higher fuel costs, once the EU’s carbon price on heating and fuel (ETS2) kicks in. A further €3bn could be … [continued]
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Missing in Action? Europe’s Mineral Finance Approach
How Europe should finance transition mineral projects effectively and responsibly. As Europe accelerates its efforts to secure the supply of critical raw materials vital for clean energy technologies, including batteries, ensuring diverse supply chains will be key. Several initiatives such as Strategic Partnerships, Clean Trade & Investment Partnerships, Global Gateway … [continued]
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Can’t Stop the Market: Why Europe Should Embrace LFP Batteries (Sustainably)
China dominates the LFP battery technology which has been critical to making mass-market EVs possible. Read how the EU can, and why it must, catch up. For years, if not decades, the main barrier slowing down the mass-market uptake of electric cars (EVs) around the world has been their price … [continued]
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€500 Million Green Loan Signed For 315 MW Offshore Wind Farm
The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola with backing from the Spanish export credit agency, Cesce. Iberdrola is the largest electric utility in Europe, employing over 45,000 people. The Windanker offshore wind farm will have 315 MW of capacity when completed. It is … [continued]
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