EIB and PFR have signed an agreement on strategic cooperation

The European Investment Bank (EIB) and the Polish Development Fund (PFR) have identified priority areas where they want to actively tighten cooperation in terms of financing, consulting, and technical assistance for projects and programs in the following sectors: renewable energy, water, and sewage installations, clean energy, and energy efficiency measures, including building renovation and conversion, green mobility, supporting the transition to a circular economy, greening the economy (especially SMEs and mid-caps);

modernization of heating networks, innovation in low-carbon and energy technologies, including hydrogen, technology transfer.

The agreement also covers cooperation in the field of green debt products (bonds or loans) and cooperation in the field of advisory services, also within the Green Hub.

The agreement on enhanced cooperation will enter into force on the date of its signature by both parties and will be valid for at least five years. It should be mentioned that both institutions have been cooperating since 2020 and the value of already signed contracts is PLN 2.5 billion.

“This is a very important agreement for the EIB, which will expand the possibilities of financing "green projects". Increasing the share of renewable energy, sustainable environmental protection, and increasing the innovation of low-emission technologies will ensure greater competitiveness and enable more dynamic development of the Polish economy,” EIB Vice-President Teresa Czerwińska said.

(WBJ)