EIB invests €62m in Susi Renewable Energy Fund 2, By Christopher Hopson, Recharge News, August 02 2016
European climate and energy commissioner Miguel Arias Cañete
The European Investment Bank (EIB) has signed an agreement to invest up to €62m ($69m) in the Susi Renewable Energy Fund 2, an investment fund run by Swiss-based Susi Partners.
The portfolio of Susi’s second renewable energy fund currently comprises 13 wind and solar farms in Germany, the UK, France, Portugal and Italy, delivering a total output of around 170MW of clean energy.
European commissioner for climate action and energy Miguel Arias Canete says the EU is creating initiatives and incentives to help facilitate the transition to low-carbon energy sources.
“This is an example of local engagement to transform the energy system,” says Canete. “It is local actions like this one that will help meet our climate and energy goals.”
“Renewable energy high on our list of priorities..” says EIB vice-president Pim van Ballekom.
“We have set ourselves a target of committing at least 25% of all our lending to fighting climate change and the EIB’s participation in the Susi Renewable Energy Fund 2 adds significantly to the ways in which the bank already supports this.”
The fund is diversified technically as well as geographically with renewable projects located throughout the EU.