2021-158-EN
Madrid, 12 May 2021
EIB and UCI join forces to renovate homes in Spain and Portugal, reducing CO2 emissions by up to 10 269 tonnes a year
The EIB has invested €50 million in a new RMBS Prado VIII securitisation that will contribute to UCI’s plans to finance the energy renovation of residential homes
This operation is the second partnership in 12 months between the EIB and UCI. The previous operation, worth €100 million, was for RMBS Green Belém 1, issued in Portugal in May 2020.
The project will contribute to climate change mitigation, delivering energy savings of almost 57 GWh a year and cutting CO2 emissions by 10 269 tonnes a year.
The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance.