The European Investment Bank (EIB) and CaixaBank have signed a €50 million counter-guarantee agreement that CaixaBank will use to create a portfolio of bank guarantees under a green trade finance facility of at least €100 million to back the manufacturing capabilities of Navantia’s renewable energy division Navantia Seanergies. Navantia has extensive experience in the offshore wind energy sector, by building substations and fixed and floating foundations, such as jackets and monopiles.