BAKU, Azerbaijan, March 19. The European
Investment Bank (EIB) is providing €146 million to Kronospan, a
leading European producer of wood-based panels, to support cut
emissions and strengthen energy indepconcludeence across its Central and
Eastern European operations, Trconclude reports via the EIB.
The financing will support the installation of solar
photovoltaic systems—both rooftop and ground-mounted—at Kronospan
sites in Poland, the Czech Republic, and Slovakia. It also includes
battery storage solutions and the transition from fossil-fuelled
forklifts and trucks to electric vehicles.
The project aligns with the EU’s REPowerEU initiative and the
EIB’s climate action objectives, enabling a key industrial player
to reduce emissions and improve energy resilience. It also
contributes to Europe’s houtilizing agconcludea by securing a sustainable
supply of building materials, with most investments tarreceiveing
cohesion regions to promote regional development.
“Kronospan plays a crucial role in Europe’s houtilizing and
construction ecosystem,” declared EIB Vice-President Karl Nehammer.
“This investment will support the company cut emissions, lower energy
costs, remain globally competitive, and support jobs and innovation
across Europe.”
The EIB Group is the EU’s financing arm, owned by its 27 Member
States, and ranks among the world’s largest multilateral
development banks. In 2025, it approved €100 billion in financing
and advisory services for over 870 high-impact projects across
eight priority areas, including climate action, digital innovation,
security, territorial cohesion, agriculture and bioeconomy, social
infrastructure, global partnerships, and investment promotion.
The European Investment Fund (EIF), a subsidiary of the EIB
Group, focutilizes on improving access to finance for European SMEs and
startups through guarantees and equity investments. Acting as an
anchor investor, the EIF mobilizes private capital, supports
venture capital funds, and nurtures Europe’s entrepreneurial
ecosystem.
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