| Project Detail |
The project will be implemented as an unfunded partial delegation linked risk sharing (LRS) transaction with the financial intermediary, supporting it in providing certain types of guarantees in relation to the obligations of manufacturing companies (Original Equipment Manufacturers or "OEMs") for the supply of wind farm and the related wind value chain components (such as turbines, grid connections infrastructure, cables, transformer stations, sub-stations and possibly sub-contractors).
Objectives
The aim is to support the European Unions wind energy sector. The lending envelope is a dedicated guarantee programme to allow banks to provide additional guarantees related to supply contracts of wind energy equipment manufacturers in the EU. The envelope is expected to mobilise ca. €8bn of investments into wind power related equipment. The sub-operations will be limited to manufacturing companies with production and/or assembly capacity in the EU for the supply of wind farm and related value chain components (such as grid connectors and transformers) be used in wind energy projects in the EU.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 8000 million |
