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The investment decision also contributes to the REPowerEU plan, which aims to reduce the eu Union’s dependence on Russian gas and oil. The EIB is supporting the initiative by raising its cleanse Power lending to unprecedented volumes, with an extra €30 billion committed on top of its typical functions. EIB Vice-President Thomas Östros, that is chargeable for overseeing projects in Austria, claimed: “We have been proud to speculate into accelerating the greening of power era in Austria.

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It was the prime minister’s very first take a look at for the EIB headquarters and adopted a number of meetings with Luxembourg governing administration officers.

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