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Add to Preferred SourcesKommunalkredit Austria AG (Kommunalkredit), a recognized leader in infrastructure financing, is issuing a €200 million bond with the International Finance Corporation (IFC)–a member of the World Bank Group–and the Asian Infrastructure Investment Bank (AIIB), each investing up to €100 million.
This collaboration will help accelerate the green energy transition in Central and Eastern Europe (CEE) and Türkiye, with a focus on renewable energy projects, particularly wind power, as part of the region’s broader commitment to decarbonization.
Kommunalkredit has long been a trusted partner for supranational institutions in financing large-scale infrastructure projects. This new initiative unites IFC, AIIB, and Kommunalkredit in their shared goal of financing green projects in the CEE region, a critical area for achieving European Union (EU) climate targets.
“With our passion for sustainable infrastructure projects, we have perfectly aligned missions with IFC and AIIB to drive green transition and private sector investments in emerging markets”, said Sebastian Firlinger, Acting CEO of Kommunalkredit. “We are honored to collaborate with supranational organizations in a field where we share a common vision for sustainable development. This transaction marks the first step in what we hope will be a long-term partnership between Kommunalkredit, IFC and AIIB.”
AIIB, with its mission to finance Infrastructure for Tomorrow, has approved several transformative projects in CEE and Türkiye, reflecting its commitment to fostering inclusive and sustainable development. By investing in renewable energy projects, AIIB seeks to enhance energy efficiency, reduce carbon emissions, and support the global transition to a low-carbon economy.
These initiatives not only align with AIIB’s climate financing priorities but also aim to create long-term economic opportunities, improve energy access, and drive innovation in clean technologies.
“Our collaboration with Kommunalkredit and IFC brings together our collective expertise and resources. The investment is expected to support the green energy transformation in Romania, Poland, Hungary and Türkiye”, said Gregory Liu, Director General of Global Financial Institutions and Funds Department at AIIB. “Together, we are working toward a shared vision of sustainable infrastructure that meets the needs of the future and addresses climate challenges in this vital region.”
“Our investment in Kommunalkredit’s bond will channel critical funding into sustainable energy projects in Bulgaria, Poland, and Romania,” said Vittorio Di Bello, IFC Regional Director for the Financial Institutions Group in Europe, and Latin America, and the Caribbean. “By supporting financial intermediaries like Kommunalkredit, we can harness their expertise to drive the low-carbon transition in key regions, diversify energy sources, and spur sustainable and inclusive economic growth.”