Procurement News Notice |
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| PNN | 90814 |
| Work Detail | BNP Paribas has signed an agreement with the European Investment Bank (EIB) to stimulate up to €8 billion of funding for wind energy projects across the European Union. Under the agreement, the EIB has provided a €500 million counter-guarantee, enabling BNP Paribas to establish a €1 billion portfolio of bank guarantees to support new wind farm investments in the EU. This counter-guarantee is expected to generate further investments of up to €8 billion in real economy terms. The agreement is part of a €5 billion initiative announced by the EIB in support of the European Wind Power Package presented by the European Commission in October 2023. |
| Country | Various Countries , Southern Asia |
| Industry | Energy & Power |
| Entry Date | 15 Feb 2025 |
| Source | https://www.windtech-international.com/projects-and-contracts/bnp-paribas-and-european-investment-bank-partner-to-support-wind-energy-funding |
