BAKU, Azerbaijan, January 30. The European Investment Bank (EIB) Group provided 89 billion euros in new financing in 2024, with a strong focus on energy security and green investments, Trend reports.
The bank mobilized over 100 billion euros for projects in renewable energy, grids, storage, and net-zero industries, with nearly 60% of its financing supporting climate action and sustainability.
The EIB also expanded higher-risk operations, committing a record 8 billion euros in equity and quasi-equity investments to boost European startups and scale-ups. These funds are expected to unlock 110 billion euros in growth capital for innovative businesses.
Security and defense investments doubled in 2024, with expanded eligibility for dual-use projects, including military mobility, cybersecurity, space, and critical infrastructure protection. The EIB aims to double security investments again in 2025.
Looking ahead, the group plans to increase financing to 95 billion euros in 2025, with a focus on European tech, raw materials, water management, energy efficiency for small businesses, and affordable housing. Efforts to streamline approvals have also accelerated, reducing red tape for clients.
“We have broken records with our financing in 2024 and are ready to support EU priorities in this new political mandate,” said EIB Group President Nadia Calviño. “We will play an even more relevant role in 2025, strengthening Europe’s security and competitiveness through strategic investments.”