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EIB strengthens European wind industry

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Published: August 1st, 2024,
Last updated: September 4th, 2024

Bank guarantees make it easier for wind turbine manufacturers to obtain components from their suppliers and process orders more quickly.

European manufacturers of wind turbines are now benefiting from better financing conditions from the European Investment Bank (EIB). On Wednesday, the EIB issued a first counter-guarantee to Deutsche Bank in the amount of 500 million euros, as the EIB announced. The counter-guarantee should make it easier for manufacturers to work off their high-order backlogs, which should secure and accelerate the expansion of wind energy.

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Energy Wind power EIB