EIB and DKB Deepen Their Partnership In Financing The Green Transition In Germany
Business
With this project, the EIB provides a Multiple Beneficiary Intermediated Loan (MBIL) of €250 million to DKB. On this basis, DKB, part of of BayernLB Group, will mobilise €600 million of investments.
Half of this sum will be invested together with SMEs into wind and solar energy projects, the other half will be invested into municipal infrastructure projects like schools, public buildings and public transport.
This project follows a comparable one, published in March by EIB and DKB, that has been the first of the two banks focussing specifically on the support of renewable energy projects of SMEs together. Germany: EIB and DKB to finance small renewable energy projects
During the long-standing partnership between EIB and DKB, multiple projects in sectors like infrastructure, energy and transport have been financed. For example, 143 electric busses for the public transport company Verkehrsbetriebe Hamburg-Holstein GmbH have been financed. They will start operating by the end of this year.