The EU has joined forces with Breakthrough (EIB) and Breakthrough Energy Ventures to establish a €100m ( $112m ) clean energy investment fund. The Breakthrough and the European Investment Bank will each contribute €50m to the scheme, which aims to support European entrepreneurs in the electricity, transportation, agriculture, manufacturing and buildings sectors. Investments are set to commence in Horizon 2020 , with EIB member states able to apply for funding under the organisation's Horizon 2020 initiative.
The EU has joined forces with the European Investment Bank (EIB) and Breakthrough Energy Ventures to establish a €100m ($112m) clean energy investment fund. The EIB and Breakthrough will each contribute €50m to the scheme, which aims to support European entrepreneurs in the electricity, transportation, agriculture, manufacturing and buildings sectors. Investments are set to commence in H2 2019, with EU member states able to apply for funding under the organisation's Horizon 2020 initiative.