The expense also contributes to the REPowerEU approach, which aims to eradicate the ecu Union’s dependence on Russian fuel and oil. The EIB is supporting the initiative by raising its clean Power lending to unprecedented volumes, with a further €30 billion fully commited on top of its typical operations. EIB Vice-President Thomas Östros, that is responsible for overseeing projects in Austria, said: “We're proud to take a position into accelerating the greening of power era in Austria.
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The operation qualifies being a inexperienced personal loan and contributes to the REPowerEU aim of getting rid of dependence on fossil fuel imports.
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