Laith Anezi’s Post

Step in the right direction, but I’d say, far from enough. We need strong incentives on the demand side. And demand should mainly come from the “traditional” heavy industries in need of transformation and modernization. Without promoting this “synergy” between #CleanTech and heavy industry, we risk to waste money both on the supply and demand side, with little efficiency

📣 ⚡ A huge step forward for #cleantech in Europe!! The European Investment Bank (EIB) is about to launch a new €500 million bank guarantee instrument for cleantech! Jean-Christophe Laloux made the announcement during a Cleantech for Iberia panel at COP29. This fills a major need for cleantech companies scaling their manufacturing in Europe. Heartfely congrats and thanks to the whole EIB team Alessandro Izzo Irene Gálvez Ruben Devogelaer for their pioneering role in developing this instrument. When selling innovative equipment, cleantech companies are asked for a series of bank guarantees, to mitigate the buyer’s risks in purchasing this equipment (advance payment, performance guarantees etc.). These companies often have to lock 100% of collateral in the bank to get these guarantees, instead of investing it into scaling up cleantech manufacturing. This new EIB instrument would provide a counter-guarantee to banks, to reduce this collateral significantly and free up capital for scale-up manufacturing. We published a key report on this issue last year, and continued advocating for such an instrument with partners at the Energy Resilience Leadership Group Tobias Lechtenfeld This is huge news for Cleantech Scale-ups throughout Europe Nils Aldag Christopher Frey Claudio Spadacini Francesco Oppici Ben Potter Taavi Madiberk Arnaud Castaignet Henrik Henriksson Ola Hansén Mattijs Slee Anaïs Laporte Yoann Barbesol Khouloud Karam Jon Dyar Boles Caspar Schuchmann Philip Hainbach Stephan Herrmann cc Ann Mettler Philipp Offenberg Julia Reinaud Elisabeth Springer Danielle Baron Ruben Davis Pierre Louis Auzel https://lnkd.in/ebDUv_Np

🚨 Big milestone for scaling cleantech manufacturing in Europe 🚨 Navigating structurally higher energy costs, stiff competition from the #US and #China's #industrial strategies, and growing fiscal and financial headwinds, requires cost-effective public instruments to level the playing field and unlock private sector financing. That’s why I’m thrilled that the European Investment Bank (EIB) is set to launch a €500 million public counter-guarantee instrument to support cleantech manufacturing — bridging a critical gap in the scale-up journey. Huge congratulations and gratitude to the EIB team Jean-Christophe Laloux, Alessandro Izzo, Irene Gálvez, and Ruben Devogelaer for their leadership. 👏 Here’s why this matters: When selling innovative equipment, cleantech companies are often asked to provide multiple #bank #guarantees (e.g., advance payment and performance guarantees). Today, they must lock up 100% collateral to secure these guarantees, tying up precious capital that could otherwise be invested in scaling up. 🚀 This new #EIB instrument will provide counter-guarantees to banks, slashing collateral requirements and freeing up billions of euros in working capital to accelerate manufacturing.💡 📢At Cleantech for Europe, Jules Besnainou and I highlighted this need in a report last year and have worked with partners including the Energy Resilience Leadership Group Tobias Lechtenfeld, to advocate for such a solution. Today, it's becoming a reality. 🎉 Huge shoutout to the Cleantech Scale-up community for your contributions to this journey: Nils Aldag, Christopher Frey, Claudio Spadacini, Francesco Oppici, Ben Potter, Taavi Madiberk, Arnaud Castaignet, Henrik Henriksson, Ola Hansén, Jesper Gyberg Ek Mattijs Slee, Anaïs Laporte, Yoann Barbesol, Khouloud Karam, Jon Dyar Boles, Caspar Schuchmann, Philip Hainbach, Stephan Herrmann. This is a pivotal moment for #EU #cleantech #competitiveness. Let's keep the momentum going! Ann Mettler, Philipp Offenberg, Julia Reinaud, Elisabeth Springer, Danielle Baron, Julian Joswig, Pierre Louis Auzel

👏Great news for cleantech innovators: €500 Million in bank guarantees👏 European Investment Bank (EIB) Jean-Christophe Laloux anticipated the launch of this new guarantee instrument for cleantech at Cleantech for Iberia high-level panel in #Baku at COP29 Azerbaijan this Wednesday. 📈#Guarantees are key to #derisk cleantech investments and crowd-in private capital to speed up cleantech scalability, a key step to ensure a speedy #netzero transition in Europe. 📑More on the need and role of public guarantees in Cleantech for Europe report: https://shorturl.at/wqIj7 📜Also in our Cleantech Bankability in the Iberian Peninsula White Paper co-written together with our #coalition members: https://shorturl.at/HqpdE Ministério do Ambiente e Energia Breakthrough Energy Maria Da Graça Carvalho European Commission João Rosa Santos REGA ENERGY Alberto Toril Castro Bianca Dragomir BBVA Antoni BALLABRIGA

Boosting Nordic Sustainability: €190 Million Green Investment Initiative The European Investment Bank (EIB) and Norway's DNB Bank have announced a €190 million partnership to finance sustainable projects in the Nordic region. This first-of-its-kind collaboration aims to provide Nordic businesses with the capital they need to accelerate their green transition. Key highlights: ✔️ Targeting sectors including renewable energy, energy efficiency, and sustainable infrastructure. ✔️ Designed to promote innovation and green growth across the region. ✔️ Supports the EU’s sustainability and climate action goals. This deal represents a major step in empowering businesses to lead in sustainability, fostering innovation while addressing critical environmental challenges. Could this model inspire similar initiatives across Europe? Share your thoughts below! 📖 Learn more about the partnership: https://lnkd.in/ezERm-yY #Sustainability #GreenFinance #NordicInnovation #EnergyTransition

The 5th panel discussion of the day, "Sustainable Financing," was held just before my panel. This session provided valuable insights into financial products designed to facilitate the green transition. It focused on the bankability of renewable energy projects and corporate decarbonization programs, lenders' expectations, and successful strategies for securing financing for sustainable assets and projects. **Panelists:** - Piotr Matczuk | Country Head Poland | IFC - International Finance Corporation - Radu Moldovan, CFA | Executive Director, Industry Lead Energy & Infrastructure | Erste Group Bank - Jan Jašek | Head of Key Corporates Prague & Central Bohemia and ESG Ambassador (Czech Republic and Slovakia) | UniCredit Bank - Jelena Arsic | Partner | Schoenherr Serbia - Ondřej Havlíček | Partner | Schoenherr Czech Republic - Matei Florea | Partner | Schoenherr Romania (Moderator) The discussion was incredibly informative and set the stage perfectly for our ongoing conversations about sustainable development. #SustainableFinancing #GreenTransition #RenewableEnergy #Decarbonization #FinancialProducts #Bankability #CorporateSustainability #Schoenherr #GreenFinance #ESG #CleanEnergy #ClimateAction

Credit Finance for #ClimateTech? Yes! 🌍⚡ Imagine the speed of climate tech production and deployment if scaleups had access to credit for their #FOAK (First of a Kind) plants. Well, here’s some good news in the making! 🎉  For over a year, we’ve been working behind the scenes with the incredible European Investment Bank (EIB) team with Alessandro Izzo, Irene Gálvez and Ruben Devogelaer to address the gap in credit finance for cleantech scaling. 🚀  💡 The challenge:   Drawing private credit from banks and other lenders requires underwriting risks. Unfortunately, most climate tech scaleups lack the assets or revenue to meet these requirements.  📌 The solution:   This is where public credit guarantees come into play. Together with Jules Besnainou and his team at Cleantech for Europe, we’ve published reports on counter-guarantees and working capital guarantees, demonstrating how such solutions could work.  We’ve also organized multiple workshops, roundtables, and—most recently—a working lunch in Brussels was held by CfE with some of Europe’s leading cleantech founders and private banks. 🍽️  ✨ Here’s the exciting update:   Pending board approval, the EIB is planning to launch a €500M loan guarantee package to support climate tech scaleups. This package will:   - Provide loan coverage up to €30M  according to the news - Will only cover a part of the loan value, typically up to 80% in public guarantees, but could be much lower in this program - Require agreements between the bank and the EIB to underwrite the lender's risks  Full story on Bloomberg https://lnkd.in/dkSznYCR 🤞 Fingers crossed for the EIB board approval! The timing couldn’t be more critical to accelerating Europe’s climate tech revolution. 💪  Let’s make this happen! 🌱🌟  This is huge news for Climate Tech Scale-ups in Europe: Tech for Net Zero Nils Aldag Christopher Frey Claudio Spadacini Francesco Oppici Ben Potter Taavi Madiberk Arnaud Castaignet Henrik Henriksson Ola Hansén Mattijs Slee Anaïs Laporte Yoann Barbesol Khouloud Karam Jon Dyar Boles Caspar Schuchmann Philip Hainbach Stephan Herrmann cc Ann Mettler Philipp Offenberg Yair Reem Fridtjof Detzner Nick de la Forge Isabelle Canu Danijel Višević Julia Reinaud Elisabeth Springer Danielle Baron Ruben Davis Pierre Louis Auzel, Julian Joswig

Over the next decade, infrastructure financing is set to undergo transformative shifts with the advent of new financing tools. The intersection of digitalization and technology will be pivotal in advancing sustainable finance and infrastructure development. How can we enable sustainable investments, and what are the challenges of infrastructure digitalization?    Join us at today’s Asia Infrastructure Forum, in a joint session with World Cities Summit, as Isabel Chatterton, IFC - International Finance Corporation Director & Regional Head of Industry in Asia Pacific ,chairs a panel discussion where these critical questions will be addressed.     The financing panel will explore financing trends and innovations, including the role of digitalization in achieving net zero. We will highlight the crucial role that financial institutions play in shaping a low-carbon economy through green frameworks and transition financing.    #EmergingMarkets #GreenFinance #WCS2024 #AIF2024 #ASEAN

In his report on the future of the single market, Enrico Letta emphasised the critical role of green securitisation for financing the energy transition, advocating for its resurgence in Europe. Given the decline in securitisation witnessed after the global financial crisis, a number of measures are being taken in order to boosts the EU's global securitisation share, with the Green Bond Regulation being a key part in increasing the green nature of these efforts. Used well, AFME (Association for Financial Markets in Europe) estimates that green securitisation could add an additional $300 billion to the energy transition by 2030. Bringing together two key parts of Luxembourg's ecosystem, namely sustainable finance and securitisation, read more below about the growth of green securitisation in the country's financial centre. Read more here: shorturl.at/wyciB #LuxFinance #GreenSecuritisation #GrandDuchyFinance

❔ Did you know? The European Investment Bank (EIB) launched its Green Eligibility Checker at #COP26 on 12 November 2021 to assess the eligibility of investment projects for green financing. 🏠 With buildings accounting for 40% of energy consumption and 36% of carbon emissions, the housing sector is the EU's largest energy consumer. The EIB's #GreenEligibilityChecker and the #ENGAGE4ESG initiative are key drivers in accelerating the #RenovationWave, aiming to make the EU's building stock more energy efficient. 📅 Join us on Thursday, 24 October at 15:00 CEST for a webinar featuring a presentation from the EIB's Frank Lee and Roman Dojcak on the Green Eligibility Checker for residential housing stock. 🔗 Register now and learn how this tool can boost energy-efficient renovations: https://lnkd.in/eTqKn9dS *ENGAGE is co-funded by the European Union #EUGreenDeal #LIFEprogramme #SustainableFinanceEU #EUTaxonomy #GreenTransition #FitFor55