Climate loans - Companies can receive promotional loans for the energy transition
The state of Brandenburg supports private and public companies for more efforts towards climate protection with annual funding of 50 million Euro in soft loans from the Investment Bank Brandenburg (ILB). ILB announced that they will support companies in financing energy transition projects. "With the new Brandenburg Credit from ILB's own funds, we want to support municipal utilities, energy industry companies and other companies in financing their projects," said ILB managing director Ulrich Scheppan.
Climate neutrality by latest 2045
This could involve measures for energy generation, storage and conversion, but also more efficient energy use. The expansion of renewable energies is a central element to achieve the state government's goal of "climate neutrality by latest 2045". For this, investments of approximately 22 billion Euro alone are needed by 2030.
Supporting institutions are an important partner in tackling this challenge. Therefore, the ILB is launching the Brandenburg Transformation Financing Infrastructure Credit as of July 1, which supports public and private companies in financing energy transition projects.
ILB has already financed a geothermal project
The new Brandenburg Credit is not the first product from ILB's own funds to support the energy transition in the state of Brandenburg. For example, the ILB and Sparkasse Ostprignitz-Ruppin have financed a geothermal project of Stadtwerke Neuruppin, with which around 20,000 inhabitants and residents of the city will be supplied with sustainable heat from winter 2026/2027 onwards.
The Brandenburg Transformation Financing Infrastructure Credit starts today. Applications can be submitted formlessly by the respective companies or their house banks at the ILB.
- The Investment Bank Brandenburg (ILB), located in Brandenburg, provides annual funding of 50 million Euro for private and public companies to further their efforts in climate protection.
- Ulrich Scheppan, the managing director of ILB, revealed that they will support companies by offering credit for energy transition projects through the new Brandenburg Credit from ILB's own funds.
- In addition to the new Brandenburg Credit, ILB has already aided the energy transition in Brandenburg by financing a geothermal project with Stadtwerke Neuruppin.
- With the launch of the Brandenburg Transformation Financing Infrastructure Credit on July 1, public and private companies in Brandenburg can apply for financing to support energy transition projects through ILB or their respective house banks.
