EIB financing to support renewable energy projects in CEE


The European Investment Bank (EIB) will invest €25 million ($35.6 million) in the Enercap Power Fund, which will support renewable energy infrastructure projects in Central and South-Eastern Europe.

A significant proportion of the investments made by the Fund are expected to be in Hungary, Slovakia, Poland, Croatia, and the Czech Republic. The announcement of the signature, subject to final legal documentation, was made by EIB Vice President Marta Gajcka during the 2007 EIB Forum devoted to the topic “Investing in Energy – Mastering Climate Change” held in Ljubljana on 27-28 September. The Enercap Power Fund will support projects based on the use of mature technologies in the wind sector, as well as in the biofuel and other renewable energy sectors considered to be environmentally beneficial and contributing to the reduction of greenhouse gas emissions.

The Enercap Power Fund is expected to reach a total size of €100 million-150 million. This operation is being implemented in the framework of the EIB’s Structured Finance Facility (SFF), an innovative financing solution that enables the Bank to support priority projects bearing a higher lending risk than would traditionally be assumed by the EIB. (welcomeurope.com)


CIG Pannónia Board Proposes HUF 18-per-share Dividend Figures

CIG Pannónia Board Proposes HUF 18-per-share Dividend

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

IBS Reaches 50-50% Gender Ratio in Management HR

IBS Reaches 50-50% Gender Ratio in Management

Sümeg Castle Reopens History

Sümeg Castle Reopens


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.