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The financial investment also contributes for the REPowerEU system, which aims to get rid of the eu Union’s dependence on Russian fuel and oil. The EIB is supporting the initiative by elevating its clear Power lending to unprecedented volumes, with a further €30 billion dedicated along with its typical operations. EIB Vice-President Thomas Östros, who's liable for overseeing projects in Austria, said: “We're happy to take a position into accelerating the greening of energy era in Austria.
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