€100 million EU financing backs Port of Klaipėda's energy transition path
The European Investment Bank (EIB) has approved approximately €100 million in financing to support the energy transition, among other things, at the Port of Klaipėda in Lithuania.
The €201 million project targets the modernization and expansion of the core Trans-European Transport Network (TEN-T) Port of Klaipėda, with a focus on investments in port infrastructure and operations to strengthen maritime transport and logistics, enable offshore renewable energy deployment, and provide logistical support for allied military vessels.
According to EIB, the aim is to develop the port into an innovative hub for port services, the maritime industry, and green energy to improve its efficiency and competitiveness, advance decarbonization and the green transition in the port and the wider region, and reinforce security, resilience, and the EU’s strategic autonomy.
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