Progress in the process to obtain co-financing from the European Investment Bank for energy transition projects
The Government of Andorra has made progress in the process to obtain co-financing from the European Investment Bank (EIB) for energy transition projects in the country. The delegation of Andorra held a meeting with representatives of the EIB on November 24-25 in Luxembourg, during which they discussed the possibility of co-financing.
The Andorran delegation was led by the Minister of Finance, Eric Jover, and included the Secretary of State for Economic Affairs, Josep Maria Missé, and the Director General of Economic Development and Business, Esther Morales. The EIB was represented by the Vice-President, Ricardo Mourinho Félix, and the Director for Spain, Portugal and Andorra, Alfonso Carrascosa.
The meeting was a follow-up to the visit that the EIB Vice-President made to Andorra in September, during which he expressed the EIB’s interest in supporting the country’s energy transition. The Andorran delegation presented the EIB with a portfolio of projects that could be eligible for co-financing, including projects related to renewable energies, energy efficiency and sustainable mobility.
The EIB delegation welcomed the Andorran delegation’s proposals and expressed its willingness to collaborate in the financing of these projects. The two delegations agreed to continue working together to finalize the co-financing agreement.
The co-financing from the EIB would represent a significant contribution to the financing of energy transition projects in Andorra. The country has set ambitious goals for reducing its greenhouse gas emissions and increasing its use of renewable energies. The EIB’s support would help Andorra to achieve these goals and contribute to the fight against climate change.
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