Project Notice
|
| PNR |
60057 |
| Project Name |
PAN-EU WIND POWER PACKAGE RISK SHARING |
| Project Detail |
The project consists in a Lending Envelope (LE) to enable new investment in wind energy in the EU through counter-guarantees on advance payment and performance bonds associated with supply contracts of EU manufacturers of wind energy equipment including grid interconnectors. The LE consists of sub-operations in the form of Partial Delegation Linked Risk Sharing with acceptable Financial Intermediaries, which support the EU green Deal objectives and REPowerEU plan, and is part of the European Wind Power Package.
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. EUR 6bn of advance payment and performance guarantees related to EU based wind power equipment manufacturers production activities for new wind energy infrastructure in the EU. 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 5000 million
Total cost (Approximate amount)
EUR 80000 million |
| Funded By |
European Investment Bank (EIB) |
| Sector |
Energy & Power |
| Country |
Various Countries , Southern Asia |
| Project Value |
AL 8,000,000,000
|
