Brussels, 12/07/2011 (Agence Europe) - The European Investment Bank (EIB) and the Spanish Energy Saving and Diversification Institute (IDAE) concluded a finance agreement at the start of the month to launch a JESSICA holding fund designed to finance energy efficiency and renewable energy projects in an innovative use of EU structural funds.
The agreement lays down the operational mechanisms of the fund, which will be initially endowed with €127.6 million and managed by the EIB. The...