EIB Is New Member of RES Serbia Association

The European Investment Bank (EIB) is a new supportive member of the RES Serbia Association. With the joining of the EIB, RES Serbia has become the only professional and business association to have the three biggest finance institutions as its members – the EBRD, the IFC Group of the World Bank and the EIB. In total, the Association has 40 members: 23 regular and 17 supportive ones.

The EIB plays a crucial role in supporting the green transformation by financing a wide range of sustainable projects. Through its dedicated arm for activities outside the EU – EIB Global, it can offer loans and financing solutions to private sector and businesses in Serbia and the Western Balkans for clean energy and environmentally sustainable projects. These projects include renewable energy installations, energy efficiency improvements, energy infrastructure upgrade and more. The bank is already developing a number of these clean energy investments in the region to facilitate the green transition and higher energy security.

The EIB has tripled its advisory under the Jaspers program, to support the region in the preparation and implementation of sustainable projects and strategies. The bank also scaled up its assistance under the Just Transition approach for countries outside the EU to help the coal-intensive regions shift to clean energy while ensuring positive socio-economic outcomes.

On the global scale, EIB’s global climate commitment includes a big push to support adaptation projects and finance for clean energy with technological innovation. Since the early 2000s, the EIB has been a cornerstone investor in the offshore wind sector. In 2023, the Bank’s investments included more than EUR 21 billion for clean energy projects around the world.

The EIB supports the REPowerEU Plan with an additional EUR 45 billion in loans and equity financing by 2027. The additional funds will be directed to renewable energy, energy efficiency, net-zero technologies and raw materials, grid development and workforce development.

Evropska investiciona banka EIB

Obnovljivi izvori energije Srbije

EBRD Evropska banka za obnovu i razvoj Beograd

IFC Group World Bank

REPowerEU Plan