EIB Backs Hamburg Grid Upgrade and Electric Bus Expansion With Over €1 Billion Financing
The European Investment Bank will provide up to 1 billion euros ($1.09 billion) to Hamburger Energienetze for the expansion and modernization of Hamburg’s electricity distribution grid, while also extending around 125 million euros in financing to Verkehrsbetriebe Hamburg-Holstein for battery-electric buses and depot upgrades. The financing agreements, signed on May 19, form part of…
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