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Germany: EIB provides Oceanloop with €35 million for its sustainable indoor shrimp farming technology
The European Investment Bank (EIB) is providing a €35 million loan to German aquaculture technology start-up Oceanloop to help growing its business in Germany and expanding it to Gran Canaria, Spain. The EIB`s venture-debt investment will also enable the Munich-based company to accelerate the development of the technology for its sustainable recirculating aquaculture system (RAS) for indoor farming.
Germany: EIB supports affordable housing in Bremen
The European Investment Bank (EIB) is granting a €125 million loan to housing-company GEWOBA AG Wohnen und Bauen in Bremen. The loan supports an extensive €500 million building and renovation project to increase the supply of affordable and climate-friendly housing in Bremen and Bremerhaven by the company that is majority-owned by the two municipalities. The flats will meet the high energy efficiency standards set out by the European Union and at least meet the German energy standard of KfW Efficiency House 55.
G7 financial institutions team up for sustainable food systems
G7 Public Development Banks (PDBs) and Development Financial Institutions (DFIs) are joining forces to enhance food security and sustainable agriculture in emerging markets. Through a new coordination mechanism set up by Italy’s Cassa Depositi e Prestiti (CDP), the Group of Seven PDBs and DFIs are teaming up in the “Collaborative on Sustainable Food Systems”.