{"id":45849,"date":"2019-11-04T21:22:51","date_gmt":"2019-11-04T19:22:51","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=45849"},"modified":"2019-11-04T21:22:51","modified_gmt":"2019-11-04T19:22:51","slug":"eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/","title":{"rendered":"EIB extends its 2nd Green Finance package at EUR 90 m to Austria\u2019s Energie Steiermark"},"content":{"rendered":"<p style=\"direction: ltr;\">The European Investment Bank (EIB) will extend its second Green Finance package at EUR 90 million to Austria\u2019s Energie Steiermark to support renewable energy projects.<\/p>\n<p style=\"direction: ltr;\">The European Investment Bank (EIB) is pushing ahead with climate change mitigation and environmental protection by providing Europe\u2019s second Green Loan to Energie Steiermark. It is the first EIB Green Finance package in Austria.<\/p>\n<p style=\"direction: ltr;\">More specifically, the funds will be used for further grid expansion measures to integrate renewable energies and other energy-efficiency projects. The EIB, which has a long tradition of financing such projects, has now granted a Green Loan for the second time. This instrument helps companies to implement their clear sustainability and decarbonisation strategies. The EIB Green Loan will only finance projects that are fully in line with the requirements of the\u00a0<a href=\"http:\/\/www.eib.org\/en\/investor_relations\/cab\/index.htm\">Climate Awareness Bonds<\/a>\u00a0program.<\/p>\n<p style=\"direction: ltr;\">On 4 November, the\u00a0EIB\u2019s Irish Vice-President Andrew McDowell\u00a0travelled from Luxembourg to Graz to sign the contract with\u00a0Energie Steiermark\u2019s Management Board Members Christian Purrer and Martin Graf, and emphasized in particular the successful long-standing partnership between the EU bank and the Styrian energy group.<\/p>\n<p style=\"direction: ltr;\">\u201cWe have to step up our efforts to combat climate change. I therefore expressly welcome the cooperation with Energie Steiermark. The expansion of Styria\u2019s networks for better integration of renewable energies and a series of investments to enhance sustainability are precisely the right steps towards active climate change mitigation,&#8221; said Andrew McDowell.<\/p>\n<p style=\"direction: ltr;\">He added: \u201cThe EIB, the European Union\u2019s climate bank, is aiming to considerably increase its efforts to combat climate change. Over the next 10 years, it intends to kick-start climate action projects worth EUR 1 billion. From 2025 onwards, every other project will target climate change mitigation and environmental sustainability, compared to one in four projects today.\u201d<\/p>\n<p style=\"direction: ltr;\">\u201cOur group not only provides concepts, but also makes measurable contributions to achieving the Paris climate targets and the EU&#8217;s Green Deal. We are very pleased that this is being acknowledged by the loan from European Investment Bank and that we are sending out a concrete and clear sustainability message. This operation confirms our successful renewable energy strategy,\u201d stated\u00a0Christian Purrer, Energie Steiermark\u2019s Board Spokesman.&#8221;We&#8217;re not just talking about climate protection, we are taking action. Our green investment and innovation package also provides a strong boost to the regional economy, with more than 80% of orders going to Austrian companies. It will substantially support the achievement of the objectives of the Austrian \u2018Mission 2030\u2019 climate and energy strategy and bring it into line with Styria as a business hub.\u201d<\/p>\n<p style=\"direction: ltr;\">Energie Steiermark\u2019s CFO Martin Graf commented: \u201cWith this Green Loan and the focus on green financing, we are playing a pioneering role in Europe. Sustainable projects also need sustainable financing. Over the next few years, we will invest around EUR 1 billion in the expansion of renewable, CO<sub>2<\/sub>-free energy systems and in the development of our smart grids. The main issues here are digitalization, increased efficiency and new storage technologies.&#8221; After a comprehensive market analysis of capital market developments relating to green bonds, green debt certificates and green loans, a conscious decision was made &#8220;in favor of the EIB\u2019s product because it is the most environmentally and economically sustainable.&#8221; Energie Steiermark\u2019s sustainability report, which has been produced for several years and takes into account the UN&#8217;s Sustainable Development Goals (SDG), also had a positive influence on the EIB\u2019s decision.<\/p>\n<p style=\"direction: ltr;\">The EIB funds that have now been made available will be channeled exclusively into sustainable investments in the 30 000-kilometer Styrian electricity grid and will thus ensure the integration of renewable energy. Styria will therefore be even better equipped in the future to increase the use of wind power, solar energy and hydroelectric power, as well as other new technologies, such as electricity storage units, thus continuing to ensure its excellent security of supply.<\/p>\n<p style=\"direction: ltr;\">After the Spanish energy group Endesa in 2018, Energie Steiermark is the second company in Europe to receive an EIB Green Loan.<\/p>\n<p style=\"direction: ltr;\">The EIB\u2019s criteria are extremely stringent: to be eligible for green financing, projects must contribute to reducing CO<sub>2<\/sub>\u00a0emissions, improving the security of supply and combating climate change, and proof of this must be submitted on a continuous basis in the future.<\/p>\n<p style=\"direction: ltr;\">\n","protected":false},"excerpt":{"rendered":"<p>The European Investment Bank (EIB) will extend its second Green Finance package at EUR 90 million to Austria\u2019s Energie Steiermark to support renewable energy projects. The European Investment Bank (EIB) is pushing ahead with climate change mitigation and environmental protection by providing Europe\u2019s second Green Loan to Energie Steiermark. It is the first EIB Green [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":45850,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038,984,6030],"tags":[6556,6345,6402],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EIB extends its 2nd Green Finance package at EUR 90 m to Austria\u2019s Energie Steiermark - Csr Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIB extends its 2nd Green Finance package at EUR 90 m to Austria\u2019s Energie Steiermark - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"The European Investment Bank (EIB) will extend its second Green Finance package at EUR 90 million to Austria\u2019s Energie Steiermark to support renewable energy projects. The European Investment Bank (EIB) is pushing ahead with climate change mitigation and environmental protection by providing Europe\u2019s second Green Loan to Energie Steiermark. It is the first EIB Green [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/\" \/>\n<meta property=\"og:site_name\" content=\"Csr Egypt\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/csregypt\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-04T19:22:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/11\/9bfc8caf-37d5-4800-84cb-d5b0fbdecaea.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marwa Zein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:site\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marwa Zein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/\"},\"author\":{\"name\":\"Marwa Zein\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\"},\"headline\":\"EIB extends its 2nd Green Finance package at EUR 90 m to Austria\u2019s Energie Steiermark\",\"datePublished\":\"2019-11-04T19:22:51+00:00\",\"dateModified\":\"2019-11-04T19:22:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/\"},\"wordCount\":717,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/11\/9bfc8caf-37d5-4800-84cb-d5b0fbdecaea.jpg\",\"keywords\":[\"#EIB\",\"#Renewable Energy\",\"#SDGs\"],\"articleSection\":[\"contribute to solution\",\"news\",\"Sustainable Development\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/\",\"url\":\"https:\/\/csregypt.com\/en\/eib-extends-its-2nd-green-finance-package-at-eur-90-m-to-austrias-energie-steiermark\/\",\"name\":\"EIB extends its 2nd Green Finance package at EUR 90 m to Austria\u2019s Energie Steiermark - 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