Investment Plan for Europe: EFSI supports almost EUR 200 million investment in renewable energy sector

The European Investment Bank (EIB) and Landesbank Saar (SaarLB) signed a EUR 100 million guarantee agreement yesterday, which is designed to grant SaarLB additional scope to invest in the renewable energy sector. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, and will facilitate SaarLB making almost EUR 200 million worth of additional loans available for renewable energy projects.  Maroš Šefčovič, Vice-President for the Energy Union, said: “The energy transition will only succeed in Europe if we think beyond national borders and work together. SaarLB is doing precisely that by financing renewable energies in Germany and France. I am pleased that the European Union is able to contribute to this through the EIB and the so-called Juncker Plan.”