| Project Detail |
The project will be implemented as an unfunded partial delegation linked risk sharing (LRS) transaction with ING Bank aimed at supporting it in providing advance payment and performance bonds 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 through 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). 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 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 |
