EIF signs €150 million cornerstone commitment to White Summit Capital Decarbonisation Infrastructure Fund II, backed by the InvestEU programme

EIF signs €150 million cornerstone commitment to White Summit Capital Decarbonisation Infrastructure Fund II, backed by the InvestEU programme

 

EIF signs €150 million cornerstone commitment to White Summit Capital Decarbonisation Infrastructure Fund II, backed by the InvestEU programme

• The Fund supported by EIF has a target size of €500 million
• It will contribute to decarbonisation, renewable energy production and security of energy supply
• The agreement is backed by the InvestEU programme, which aims to trigger more than €372 billion in additional investment over the period 2021-27.

The European Investment Fund (EIF) has signed a €150 million cornerstone commitment to the White Summit Capital Decarbonisation Infrastructure Fund II (WDIF II).

The project is backed by the InvestEU programme, which aims to mobilise over €372 billion in additional investment for EU policy priorities over the period 2021-2027.

EIF's significant commitment to the Fund reflects the important contribution WDIF II is expected to make towards advancing the EU's objectives. These include the transition to clean energy, addressing the consequences of climate change, and ensuring security of energy supply, among others.

WDIF II, which has a target size of €500 million, will help address the funding gap in the energy transition middle market by supporting infrastructure companies across Europe to scale up their asset base and support their development. (...)