European Fund for Strategic Investments (EFSI) will be extended to 2020
The European Commission has announced that EFSI will be extended for three further years, with the aim of mobilising €500 billion in investment.
EFSI was set up in 2015 to kick-start investments in the EU by mobilising private finance, and a large part of investments under EFSI have an energy focus. So far, EFSI has supported energy infrastructure projects and those focusing on energy efficiency, renewable energy and smart meters.
The next period, EFSI 2 will continue to support energy projects. EFSI will also focus on projects in Eastern and Southern EU countries, aiming at achieving a good geographical balance and helping to meet the Energy Union’s goals of security of energy supply and cutting carbon emissions from the energy sector.
For more information visit European Commission website.