EIB energy efficiency funding targets Italian SMEs


The European Investment Bank (EIB) and BPER Banca Group are providing EUR50m for energy efficiency projects implemented by businesses via an agreement between the European Union and the Emilian banking group.

The projects for which businesses can request financing from BPER Banca Group, assisted for the purpose of this agreement by con FISG (Gruppo Banca Finint) must be connected to the energy efficiency of buildings or productive structures, district heating or district cooling plants, public lighting infrastructure, or high efficiency heat and power cogeneration plants.
This operation is the first project in Italy based on European Commission guarantees and assistance under the Private Finance For Energy Efficiency (PF4EE) EU instrument and the LIFE Programme, which is a joint initiative between the EIB and the Commission to increase the volume of loans to support energy efficiency investment.

The aim of the new EIB/Commission instruments is to generate at least EUR 1bn in additional energy efficiency investment in Europe. By giving Italian businesses access to this financing on favourable terms, BPER and the EIB will contribute to EU objectives related to cutting CO2 emissions and tackling climate change.

Commenting on the funding agreement, European Commissioner for Climate Action and Energy Miguel Arias Caàƒ±ete said: “I welcome the agreement to make EUR50m available to Italian small businesses. And unlocking investment in renewable energy and energy efficiency will create local jobs, protect the environment and strengthen economic growth. This is a great opportunity for Italian small businesses, and I really hope they will seize it.”

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