The European Investment Bank Group (EIB) signed new financing worth 89 billion euro last year. The Group made more investments than ever to strengthen the EU’s energy security, mobilizing over 100 billion euro for new and modernized infrastructure projects, including networks and interconnections, renewable energy, net-zero emission industries, energy efficiency and storage solutions. Almost 60% of the total financing was directed towards the green transition, climate action and environmental sustainability, according to a statement.
The EIB Group plans to increase its total investments to 95 billion euro, with flagship initiatives to support European technology champions and the TechEU programme, dedicated to critical raw materials, water management, energy efficiency in small and medium-sized enterprises and a dedicated platform to promote sustainable and affordable housing.
“We reached record levels in 2024 with our financing. We are ready to support the EU’s priorities in this new political mandate. And we will play an even bigger role in 2025 – building on the EIB Group’s excellent performance to increase impact, strengthening Europe’s security and competitiveness through strategic and ambitious investments,” said Nadia Calviño, President of the EIB Group, at the annual results presentation in Brussels.
The financing committed by the EIB Group in 2024 is expected to power almost 15 million households with clean energy, create up to 1.5 million new jobs in Europe in the coming years, support the development of innovative cancer treatments and help ensure affordable housing from Croatia to Latvia.
Highlights of the past year include a record 51 billion euro – around 60% of investments – allocated to the green transition, climate action and environmental sustainability. These range from the world’s first zero-emission tire factory in Romania to financing sustainable mobility in Valencia. The EIB Group thus remains on track to support 1 trillion euro in climate and sustainability investments by 2030.
Last year also saw a record 31 billion euro in EU energy security, including energy efficiency, renewable energy, storage and grids – investments that will support over 100 billion euro in total financing. Flagship initiatives include: counter-guarantees to support European wind power producers, electric vehicle battery factories in France, Princess Elisabeth Island in Belgium, grid and storage financing increased to a record 8.5 billion euro, mobilising 40% of Europe’s total investment in the sector by 2024, including for the modernisation of transmission networks and interconnections in Spain, the Czech Republic and Germany.
Under the leadership of President Nadia Calviño, who took office in January 2024, the EIB Group has updated its internal policies and investment strategy to maximise impact and enhance support for shared European priorities.
Some of the strategic directions for 2025
Looking ahead, the EIB Group Operational Plan foresees up to 95 billion euro in new investments in 2025, supported by the Group’s excellent credit rating and strong capital position.
New initiatives, aligned with the priorities of the new European Commission, to be launched in 2025, include maintaining the 60% target for green transition financing and expanding support for cutting-edge technologies, including: clean-tech, artificial intelligence, microchips, high-performance computing and quantum computing, medical sciences and health technologies, and developing Europe’s cutting-edge industrial capabilities. It also includes funding to boost investment in critical raw materials projects, including the Keliber lithium production in Finland, approved last year. It also includes a 2.5 billion euro program to increase energy efficiency in small and medium-sized enterprises, helping them reduce CO₂ emissions and electricity bills.
