The financial commitment also contributes to the REPowerEU plan, which aims to get rid of the ecu Union’s dependence on Russian fuel and oil. The EIB is supporting the initiative by boosting its thoroughly clean Electrical power lending to unprecedented volumes, with a further €thirty billion dedicated in addition to its frequent operations. EIB Vice-President Thomas Östros, that's accountable for overseeing projects in Austria, reported: “We're happy to speculate into accelerating the greening of power generation in Austria.

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