Economy & Trade
EIB, Commerzbank fund €2bn in EU grid investments
The European Investment Bank (EIB) and Commerzbank have launched a new cooperation agreement to facilitate up to €2 billion in investments for electricity grids. These investments will be directed towards Germany and other EU Member States, aiming to enhance energy infrastructure resilience and efficiency. This initiative is crucial for advancing the EU's green energy transition and ensuring a stable energy supply for citizens and businesses.
€2 billion EIB-backed investment to upgrade electricity grids across the EU.