banks

Clean energy firms are reaping the rewards of this emerging shift. Aira, a Swedish firm that carries out heat pump installations, recently announced that it had struck a deal valued at €200 million ($214 million) for loan commitments from the bank BNP Paribas. This will allow Aira customers in Germany to pay for their heat pumps in installments.“Banks and financial institutions have a huge responsibility to accelerate the energy transition,” says Eirik Winter, BNP Paribas’ CEO in the Nordic region. That the financing arrangement could also boost property values is a “positive side effect,” he adds.Home renovations and energy retrofits…