Release date: 24 September 2024
Promoter – Financial Intermediary
HSBC CONTINENTAL EUROPELocation
Description
The facility is a sub-operation with HSBC under the Lending Envelope (LE), which consists of sub-operations in the form of "Partial Delegation Linked Risk Sharing" with eligible Financial Intermediaries.
Objectives
The aim is to enable new investments in wind energy across 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 facility is part of the European Wind Power Package, in line with the EU green Deal objectives and REPowerEU plan.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 270 million
Total cost (Approximate amount)
EUR 4320 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 16/10/2024
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).