Financial activities of the European Investment Bank Group – annual report 2025

Tabled by Bogdan Rzońca, Ruggero Razza, Dick Erixon

Added: 13a. Is concerned that the EIB’s signed financing commitments to Northvolt AB, totalling around EUR 942.6 million, of which around EUR 288 million (USD 313 million) was still outstanding at the time of its bankruptcy filing in Sweden on 12 March 2025, together with the risks observed in comparable large-scale ventures, point to weaknesses in the appraisal of projects that scale up unproven technologies; calls on the EIB to disclose the lessons learnt, to strengthen its due diligence for such projects, and to evaluate and report systematically on late payments and beneficiary insolvencies across its portfolio, as a matter of sound financial management and value for money for taxpayers; stresses that the presence of other publicly-backed or EU-supported investors in a project must not be treated as a substitute for the EIB’s own independent due diligence and risk assessment;

Wording as published by the EP, in English. PE783.388