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EIB Agrees $109MM in Green Finance for Danish SMEs

The European Investment Bank (EIB) has signed a partnership with Ringkjøbing Landbobank to offer qualified Danish small- and medium-sized enterprises (SMEs) $108.6 million (DKK 745 million) to assist their energy transition and sustainability strategy.

Approximately 25% of the funds will be committed to initiatives directly related to the green transition in Denmark and across the European Union. These investments include programmes aimed at renewable energy, improving energy efficiency, and sustainability projects.

“We can provide this support by financing investments that take our customers to the next level in the green transition in their industry”, said John Fisker, CEO of Ringkjøbing Landbobank. “We are very pleased with our partnership with the European Investment Bank over more than 20 years. This loan program further strengthens our bank’s market position and supports our customers’ competitiveness by financing new investments”.

“A key priority for the EIB Group is to make sure that businesses have access to the right type of financing”, added EIB Vice President Thomas Östros. “We are particularly eager to support investments in the areas of renewable energy, sustainability, and energy efficiency. The green transition comes with particular financing challenges and we are glad to be building on our partnership with Ringkjøbing Landbobank and supporting it in its green efforts”.

The EIB stated that the goal of this agreement is to make it easier for firms to obtain funds for initiatives that boost their productivity and competitiveness, frequently assisting them in their transition to sustainability.

Source: Energy Ghana