EU investment bank plugs renewables
The European investment bank has adopted a target to invest at least €800m in renewable energy projects, its president Philippe Maystadt told MEPs on Tuesday. At least half the bank's lending to power sector projects would go to renewables, he said at a presentation of the EIB's contribution to EU energy policy in the European parliament's energy committee. Mr Maystadt said the bank was also stepping up the financing of large-scale carbon capture and storage (CCS) demonstration plants. See EIB press release and Mr Maystadt's address to parliament.
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