The European Investment Bank (EIB) has announced plans to finance 350,000 European businesses with €17.5 billion over the next three years to enhance energy efficiency, as stated in a recent communiqué.
The purpose of these loans, according to the EIB group, is to lower energy bills and boost the competitiveness of small and medium-sized enterprises (SMEs).
With this financing, the EIB and the European Commission aim to mobilize a total investment of €65 billion to bolster energy efficiency within European Union (EU) businesses.
“This is a significant step in helping companies reduce energy costs,” remarked EIB Group President Nadia Calviño, as noted in the statement.
