INTIEAEuropean Union · Pan-EU wind power package risk sharingPolicyIn force

Pan-EU wind power package risk sharing

In 2023, the EIB created a guarantee facility worth the equivalent of near USD 5.5 billion for commercial banks offering guarantees to wind energy equipment manufacturers. The facility is indicative of how innovators might be helped to introduce new products, though it has not…

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Country / jurisdiction: European Union · Year: 2023 · Status: In force · Level: International · Type: Voluntary

In 2023, the EIB created a guarantee facility worth the equivalent of near USD 5.5 billion for commercial banks offering guarantees to wind energy equipment manufacturers. The facility is indicative of how innovators might be helped to introduce new products, though it has not so far been used for innovative technologies. In 2024, nearly 80% of the total value was committed to nine banks. Plans have been announced to make more than USD 540 million worth of counterguarantees available for low-emissions energy technology production in 2025.

Official source: https://www.eib.org/en/projects/pipelines/all/20230650

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https://www.iea.org/policies/27510

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