| Project Detail |
The operation consists in an unfunded partial delegation linked risk sharing (LRS) transaction with the financial intermediary. The related sub-projects to be financed will be limited to manufacturing companies (Original Equipment Manufacturers or OEMs) producing or assembling in the EU, among others, turbines, grid connections infrastructure, cables, transformer stations, sub-stations to be used in EU wind energy projects. In detail, it supports Caixbank in providing advance payment and performance bonds in relation to the obligations of OEMs and and possibly sub-contractors.
Objectives
The aim is to support the EUs wind energy sector and mobilise about € 8bn of investments into wind power related equipment. 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.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 1600 million |
