The European Investment Bank (EIB) and UniCredit Bank Austria are planning to support investments in small- and medium-sized renewable energy and energy-efficiency projects in Austria.
The EIB will make a framework loan of up to €92 million ($94 million) available to the Austrian bank, which will then create a credit portfolio of up to €200 million ($205 million) for financing clean-energy projects.
UniCredit Bank Austria is one of the best capitalized major banks in Austria, and part of UniCredit, a pan-European commercial bank with a unique service offering in Italy, Germany, and Central and Eastern Europe.
The Austrian government aims to generate 100 percent of electricity from wind, solar and hydropower by 2030. Decentralized photovoltaic systems are expected to play a significant role, including a 100,000 solar roof program. Hydropower, along with pumped storage and wind farms, are also part of the government’s program.
These government goals h
