- EIB commits €60M to Solas Capital's SSEF II for SME energy efficiency projects.
- The platform aims to mobilize nearly €400M for technologies like LED lighting and solar systems.
- The initiative is part of the EIB Group Energy Efficiency for SMEs, targeting €17.5B by 2027.
- The EIB Group provided €6B in financing in 2025, doubling the previous year's amount.
Investment Initiative
The European Investment Bank (EIB) is investing €60 million in Solas Capital's Solas Sustainable Energy Fund II (SSEF II) to enhance energy efficiency projects for small and medium-sized enterprises (SMEs) across Europe. This initiative aims to strengthen the competitiveness and sustainability of SMEs by reducing energy costs and carbon emissions.
Platform Goals
The co-financing platform is expected to mobilize nearly €400 million, including private-sector capital, for deploying energy-efficient technologies such as LED lighting, insulation, heat pumps, rooftop solar systems, and electric-vehicle charging stations across various EU countries.
Energy Efficiency for SMEs Initiative
This platform is part of the broader EIB Group Energy Efficiency for SMEs initiative, which was announced last year. Supported by the European Commission, the initiative aims to provide €17.5 billion in financing by 2027 to help up to 350,000 SMEs in Europe reduce their energy costs and carbon footprint using proven energy-saving technologies.
Progress and Future Plans
The initiative is on track to exceed its targets, having delivered €6 billion in financing in 2025, double the amount provided in 2024. This funding has enabled up to 150,000 SMEs across Europe to invest in energy efficiency and decarbonization projects in the program's first year.
