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European Investment Bank President Werner Hoyer said that, subject to approval from its governing bodies, the EIB is willing to immediately increase its contribution to the REPowerEU Plan from the current €30 billion package to €45 billion euros in additional financing. This would mobilise over €150 billion euros of investment in support of green technologies and Europe’s energy independence from fossil fuels, Hoyer said in his opening speech at the inaugural EIB Group Forum, in Luxembourg.
“At the EIB, we are ready to play our role in a European investment initiative that supports EU competitiveness and maintains a level playing field across the single market,” Hoyer said. “The European Investment Bank has the capacity to become a key financial pillar of an initiative...
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