EIB and Commerzbank join forces for €1.2 billion energy investment to power Germany's green transition
Germany, Nov. 21 -- The European Investment Bank (EIB) and Commerzbank have agreed new cooperation to support €1.2 billion of new energy investment in Germany, designed to support local energy projects, address pressing investment needs in the sector and accelerate the country's energy transition. The new cooperation was formally agreed at Commerzbank headquarters in Frankfurt earlier today by EIB Vice President Nicola Beer and Bettina Orlopp, and witnessed by Nadia Calvino, European Investment Bank President.Addressing Germany's energy investment gapGermany's Stadtwerke municipal energy providers face a significant financing gap to modernise electricity and district heating networks essential for the Energiewende over the coming deca...
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