20 April 2023
European Investment Bank to help Wallonia create a hydrogen industry
A memorandum of understanding was signed on the 18th of April by the Walloon Region, represented by Minister-President Elio Di Rupo, Vice-President and Minister for the Economy Willy Borsus, Vice-president and Energy Minister Philippe Henry, Minister for Finance Adrien Dolimont, and the European Investment Bank (EIB), represented by Vice-President Kris Peeters.
he agreement seeks to facilitate cooperation between the EIB and Wallonia in the hydrogen sector.This includes Walloon projects that could be eligible for EIB support in the form of financing, but also guidance and advice. The EIB generally covers up to 50% of a project’s cost through loans. This agreement strengthens the existing close ties between the EIB and Wallonia.