Release date: 22 July 2025
Promoter – Financial Intermediary
BARCLAYS BANK IRELAND PLCLocation
Description
The project is an underlying operation under the PAN-EU WIND POWER PACKAGE RISK SHARING Lending Envelope with Barclays Bank Ireland PLC to enable new investment in wind energy in Germany and other EU Member States through counter-guarantees on advance payment and performance bonds associated with supply contracts of EU manufacturers (Original Equipment Manufacturers or "OEMs") of wind energy equipment including grid interconnectors.
Additionality and Impact
The operation will contribute to the InvestEU objective of developing the energy sector.
The ambitious policy decarbonisation targets set in the 2030 require significant investment in renewable energy production capacity, notably in onshore and offshore wind energy infrastructure in Europe. This in turn requires a scale up of the supply chain manufacturing industry and ability to deliver components, services, and materials in a timely manner. It also requires an increased access to advance payment and performance guarantee lines for the OEMs, in a context of financial pressure (growing order books and challenges from rising inflation and interest rates) and with commercial banks reaching their exposure concentration limits vis-a-vis OEMs. The current situation in the guarantee market for wind projects is exacerbated by the relatively limited number of EU commercial banks providing such demanded guarantees in Europe.
The operation, by specifically addressing the increasing bottleneck associated with the provision of guarantees to OEMs, will enable the activation of under-utilised already installed strategic Net-Zero technology manufacturing capacity of wind energy OEM suppliers in Europe, which would otherwise go idle and potentially be lost in part. This enabling effect will help support the proper functioning and access to finance of the entire wind-energy supply chain and will, in turn, contribute to deploy additional renewable energy generation capacity that will eventually be installed in Europe.
The operation would not have been carried out (to the same extent) by the EIB without the InvestEU support.
Objectives
The lending envelope 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.
Comments
N/A
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 6400 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
Signed - 18/12/2025