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The European Investment Bank (EIB) is strengthening its role as the European Union’s financial sector, with the funding cap this year reaching 100 billion euros, reaching a new record.
Against the backdrop of geopolitical tensions, banks are confirming their commitment to defense and security by tripling their lending. The EIB plans to spend 3.5% of its total funds on the military sector. The agency has mentioned 32 flagship projects in its pipeline.
These announcements examine the extension of EIB security delegation in recent years. This illustrates a paradigm shift in the agency’s mission.
This support will be available to all EU companies: public and private, large and small.
“We will fund the public sector when it comes to infrastructure for large military barracks, and we reached this week to raise funds for Lithuania’s very important infrastructure.
“We are also funding large private companies for research and development programs in the areas of innovation and industrial capacity,” she added.
She also says she is working with the European Commission to identify other critical infrastructure for military mobility.
Climate priorities
However, the EIB’s commitment to defense does not imply a full turnaround. Climate change and clean energy remain a priority. The EIB considers climate behavior closely related to European safety.
Therefore, the bank is launching a new investment programme in technology and innovation, TechEU. The scheme will provide 70 billion euros of equity, semi-fairness, loans and guarantees from the EIB Group between 2025 and 2027. It also calls private capital to generate investments of at least 250 billion euros. The first wave of the TechEU project will focus on clean industry.
“This has to do with the products needed to build energy networks. It concerns the guarantees of clean technology innovators. We also need to support the deployment of electricity purchase contracts, which are essential to stabilize energy prices for the wind power industry and the major European industries,” Calvinho said.
The EIB president emphasized that green transition and technology also contribute to the EU’s strategic autonomy.
