| Project Detail |
The counter-guarantee facility will enable the intermediary to provide advance and performance bonds in relation to wind turbine manufacturers and companies of the related 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 (LE) 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 LE is expected to mobilise about €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 farms and related value chain components to 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 |
