News

NIB has signed a EUR 27.7 million 10-year loan agreement with Baltic Storage Platform OÜ to finance the construction of two battery energy storage projects in Estonia. The loan is supported by the InvestEU programme under NIB’s Framework on Clean Energy Transition.

NIB has signed a 16-year loan with Ltd. WPR2 for the construction and operation of a 112 MW wind farm in Latvia. The EUR 28 million loan supports the country’s transition to clean energy and is eligible under the InvestEU Clean Energy Transition Framework.

The EBRD, supported by InvestEU, is providing a €32 million loan for the 112 MW Smiltene wind farm in Latvia. The project will increase Latvia’s wind power capacity by around 80%, strengthening energy security and advancing the green transition.

The EBRD, with EU-backed financing, is lending €12.2 million for the 21 MW Novalja solar plant in Croatia, which will support the country’s green transition.

The European Commission welcomes political agreement between the European Parliament and the Council on the ‘Omnibus' package to simplify EU investment programmes. The package strengthens InvestEU, the EU's flagship investment instrument, by increasing the EU guarantee by €2.9 billion.

The InvestEU Programme will be present at the Bits & Pretzels Conference in Munich, 29 September – 1 October 2025. Join our joint Masterclass, hosted by the EIC and InvestEU Programme.

NIB and NORD/LB lend up to EUR 64 million for two new solar farms in Lithuania. The Nordic Investment Bank (EUR 28 million) and NORD/LB (EUR 36 million) have both signed financing agreements with the Lithuanian renewable energy company Green Genius.

The European Bank for Reconstruction and Development (EBRD) is providing a €35.2 million loan to Sunly, a leading Baltic renewable energy developer, to boost Latvia's renewable energy capacity. The loan is part of a larger €84.8 million package, which is being co-financed with the EIB and SEB.

Renalfa has secured €315 million in Holdco Financing from an EU-backed consortium led by the EBRD to boost the green energy transition in Central and Eastern Europe. The funding will support projects expected to generate 2.3 TWh of green electricity annually.