Juncker Plan supports Finnish renewable energy fund | EU Commission Press

The European Investment Bank (EIB) is providing up to €60 million in financing to Taaleri’s SolarWind II fund under the European Fund for Strategic Investments (EFSI), the core element of the Investment Plan for Europe, or Juncker Plan. This contribution, together with additional financing from other sources, will be invested to create approximately 850 megawatts of renewable energy capacity which will offset over one million tonnes of CO2 annually throughout the 25 year life of the assets. Vice-President of the European Commission Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, and EIB Vice-President Alexander Stubb said: “Our institutions’ support for Taaleri’s renewable energy fund is logical, as the energy transition is a key part of our planet’s sustainable future, and needs strong financial backing. Following the EU’s goal to increase the share of renewable energy, the European Investment Bank has been investing heavily in renewable energy generation. The support of the Investment Plan makes it possible for the EIB to support this goal through fund structures like Taaleri SolarWind II fund.” As of June 2019, the Juncker Plan has mobilised nearly €410 billion of additional investment, including €8.5 billion in Finland. The Plan is currently supporting 952,000 small and medium businesses across Europe.