COMMERZBANK PAN-EU WIND POWER PACKAGE RS

Projektträger – zwischengeschaltetes Finanzinstitut

COMMERZBANK AG

Ort

• Deutschland
• Dänemark
• EU-Länder

Beschreibung

The project will be implemented as an unfunded partial delegation linked risk sharing ("LRS") transaction with the financial intermediary, supporting it in providing certain types (see below) of guarantees (the "Bonds") in relation to the obligations of manufacturing companies (Original Equipment Manufacturers or "OEMs") for the supply of wind farm and the related wind value chain components (such as turbines, grid connection's infrastructure, cables, transformer stations, sub-stations and possibly sub-contractors).

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.

Ziele

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.

Sektor(en)

• Durchleitungsdarlehen - Durchleitungsdarlehen

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 500 million

Gesamtkosten (voraussichtlicher Betrag)

EUR 8000 million

Umweltaspekte

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Auftragsvergabe

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Projektstatus

Unterzeichnet - 11/12/2024