Release date: 25 March 2025
Promoter – Financial Intermediary
INTESA SANPAOLO SPALocation
Description
The project will be implemented as an unfunded partial delegation linked risk sharing transaction to support the financial intermediary in providing certain types 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).
Objectives
The aim is to support the European Union's wind energy sector. The Lending Envelope is a dedicated Guarantee Programme to allow banks to provide additional guarantees related to supply contracts of wind energy equipment manufacturers in the EU. The envelope is expected to mobilise about € 8b billion of investments into wind power related equipment. The sub-operations will be limited to manufacturing companies with production and/or assembly capacity in the EU for the supply of wind farm and related value chain components (such as grid connectors and transformers) be used in wind energy projects in the EU.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 4000 million
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Sub-projects need to comply with the EU acquis and the EIB will require to the final recipients under the new portfolio to take all the requisite measures to ensure that procurement procedures carried out will comply with the relevant EU procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.
Status
Approved - 18/03/2025
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).