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EU energy policy and the EIB

The promotion of sustainable, competitive and secure sources of energy is a key policy objective of the European Union. For this reason, the European Investment Bank has also made lending to support Europe’s energy objectives a top priority.

Sustainable, Competitive & Secure Energy

Energy is at the top of the EU policy agenda, in relation to:

  • security of supply
  • climate change considerations
  • competitiveness

Energy financing is one of the EIB strategic lending priorities both inside and outside the EU (Corporate operational Plan (COP) 2007-2009).

Priority areas

The EIB has reinforced its financing in five priority areas:

EIB Energy targets

The EIB’s quantified lending targets in the energy sector are:

  • Global annual lending in the order of EUR 4bn for projects belonging to at least one of the five priority areas
  • Annual sub-target of EUR 600m-800m for renewable energy projects and a relative target of 50% of EIB lending to electricity generation associated with renewable energy technologies.

Value added in energy related projects, will include:

  • Innovative financial instruments and structures
  • Technical assistance contributions, in cooperation with the Commission and other International Financial Institutions