A record EUR 2.1 billion has been invested in Danish projects last year by the European Investment Bank (EIB), a record volume in the country. Worldwide, the EIB Group investment also reached a record level of EUR 88.8 billion, of which no less than EUR 50.7 billion in climate and environmental financing.
EIB financing in Denmark focused on key infrastructure, green energy, and innovation. The EIB signed a EUR 115 million loan to upgrade and expand the Port of Esbjerg, Europe’s largest port for shipping offshore wind turbines, increasing its capacity to accommodate larger vessels, including for NATO operations.
In the energy sector, the EIB financed the massive 1.1 GW Thor wind farm project with a EUR 1.2 billion loan to German company RWE. Located off the Danish coast in the North Sea, the new wind farm will produce enough green electricity to supply one in three Danish households.
In 2024 the EIB Group also saw a notable uptick in financing for smaller companies in Denmark
Through affordable loans, guarantees or equity, over half the Group’s 2024 financing went to Danish small and medium-sized companies and Mid-Caps. Notably, Danish scale-up companies like SNIPR Biome, Matr Foods and Norlase, signed up for EIB venture debt financing, which aims to make sure that critical technology from Europe can grow and thrive in the EU.
In a similar vein, the European Investment Fund (EIF) made a EUR 24.8 million commitment to PSV Hafnium, the first-ever Danish venture fund dedicated solely to deep tech. Building on its close ties with the innovation ecosystem and DTU, the fund will support science-based clean tech, health tech and next generation industrial solutions.
The EIF signed 12 transactions in Denmark last year, including equity investments in PSV Hafnium, Nine Realms and Den Sociale Kapitalfond, and guarantee transactions with Denmark’s Export and Investment Fund EIFO, Kompasbank, Ringkjøbing Landbobank and others. The EIF made available a total of EUR 361.7 million for Danish SMEs in 2024.