Société Générale: agreement with the EIB to finance wind energy
(CercleFinance.com) - Societe Generale and the European Investment Bank (EIB) announce that they have signed an agreement as part of a new initiative to unlock up to E8bn of investment to support wind energy manufacturers in Europe.
The EIB will provide a counter-guarantee of E500m, which Societe Generale will use to create a portfolio of bank guarantees worth up to E1bn for new wind farm projects across the European Union.
The leverage effect of the EIB's counter-guarantee should mobilize additional funds from other investors to support increased production and accelerated development of wind energy.
This operation forms part of the EIB's E5bn investment plan for wind power, announced by the EIB at COP28 in 2023 and activated in July and October 2024, in Germany and Italy respectively.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The EIB will provide a counter-guarantee of E500m, which Societe Generale will use to create a portfolio of bank guarantees worth up to E1bn for new wind farm projects across the European Union.
The leverage effect of the EIB's counter-guarantee should mobilize additional funds from other investors to support increased production and accelerated development of wind energy.
This operation forms part of the EIB's E5bn investment plan for wind power, announced by the EIB at COP28 in 2023 and activated in July and October 2024, in Germany and Italy respectively.
Copyright (c) 2025 CercleFinance.com. All rights reserved.