EIB Group approves over €17 billion in new financing including for Romanian nuclear power and Ukraine-EU border crossings

• EIB and EIF Boards authorise €17.4 billion for European energy autonomy, competitiveness and strategic partnerships.
• Investment projects include €800 million loan for upgrade of Romania's Cernavodă nuclear power plant.
• EIB Board also backs more integrated Ukraine-EU border crossings.

The European Investment Bank (EIB) Group approved €17.4 billion in fresh financing to strengthen Europe's energy autonomy, competitiveness and strategic partnerships with Ukraine and countries beyond. The Boards of Directors of the EIB and the European Investment Fund (EIF) approved the new financing package this week in Luxembourg.

The EIB Group committed €3.7 billion for projects that will make Europe less dependent on fossil fuels and accelerate its energy transition. The financing will support nuclear power in Romania, new electricity networks in Belgium and Spain, wind farms in Germany and solar generation in France.

The projects include an €800 million EIB loan for the refurbishment and life extension of one of two reactors at Romania's Cernavodă nuclear power plant, which generates around 20% of the country's electricity. The financing, which covers Unit 1, is for key component replacements and system upgrades, enabling a new cycle of reliable and safe operation.

"The EIB Group is financing important projects for Europe's security and autonomy, bringing affordable energy to households and businesses," said EIB Group President Nadia Calviño. "We are on track for another blockbuster year, with record investment in grids and interconnectors as well as flagship projects in key technologies for the clean transition."

The EIB Group's support for energy projects advances the electrification of the European economy, making it more resilient, inclusive and sustainable.

Beyond energy, the EIB Board backed financing for new trains in Austria, hospital upgrades in the Czech Republic, additional cultural and sports facilities in Sweden and improvements to kindergartens and schools in Lithuania. It also endorsed projects bolstering company competitiveness in Denmark, Italy, the Netherlands and Spain.

Stepped-up securitisation

The EIB and EIF Boards moved to unlock new financing capacity for businesses across Europe.

The EIB Board agreed to double to €6 billion a programme for pan-European securitisation lending and the EIF Board approved a series of securitisation and guarantee transactions, supporting the EU savings and investments union. By expanding the capacity of banks to finance new investments, these operations will back green and innovation projects, boost competitiveness and accelerate Europe's clean transition.

Ukraine

The EIB Group endorsed financing for upgraded Ukrainian border-crossing points along roads in the country that are part of the EU's Trans-European Transport Network, or TEN-T, improving connectivity with Member States and Moldova. The project includes terminals, customs equipment and digital systems.

The latest financing also extends to businesses in Ukraine, highlighting the EIB Group's commitment to supporting the country's economic recovery and resilience.

Global partnerships

In other strategic investments in EU partner countries, the EIB Group approved financing for wind energy in Egypt, solar power and electricity grids in Tunisia and sustainable agriculture in Moldova.

The projects promote strong partnerships and Europe's voice on the world stage in support of the EU's "Global Gateway" strategy.

Background information

EIB Group

The European Investment Bank (EIB) Group is the financing arm of the European Union, owned by the 27 Member States, and one of the largest multilateral development banks in the world. In 2025, the EIB Group signed €100 billion in new financing and advisory services for over 870 high-impact projects under eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, territorial cohesion, agriculture and the bioeconomy, social infrastructure, strong global partnerships and the savings and investments union. Beyond long-term loans for large infrastructure, the EIB Group crowds in private investment for high-risk innovative projects and businesses, with a growing role in Europe's markets for venture debt, venture capital, guarantees and securitisations.

The European Investment Fund (EIF) is the subsidiary of the EIB Group specialised in providing guarantees, securitisation and equity to improve access to finance for small and medium-sized businesses and startups across Europe. Acting as an anchor investor, through its extensive network of partnering banks and investment funds, the EIF mobilises private investment and nurtures the ecosystem of venture capital funds to support innovative European entrepreneurs.

With the support of all 27 EU governments, the EIF has joined forces with institutional investors in a pan-European alliance to mobilise up to €80 billion for investment into innovative companies scaling up to become global leaders. The joint effort will expand the size and scope of the highly successful European Tech Champions Initiative, which has helped create 15 European mega-funds and scale 45 companies, including 12 unicorns, since being established three years ago.

Photos of the EIB Group's representatives and headquarters, logo files and video B-roll for media use are available here.