The European Investment Bank (EIB) has taken a significant step towards boosting Europe’s wind turbine manufacturing sector by providing a €500 million counter-guarantee to Deutsche Bank. This move marks the initial phase of the EIB’s €5 billion counter-guarantee scheme, a cornerstone of the EU’s Wind Power Package.
By sharing the financial risk with commercial banks, the EIB aims to increase lending to wind turbine manufacturers, thereby enhancing Europe’s energy security and competitiveness. This initiative responds directly to the European Commission’s Wind Power Action Plan, which identified improved access to finance as a critical factor in strengthening the wind industry.
The partnership with Deutsche Bank will unlock up to €8 billion in private investment, enabling wind turbine manufacturers to scale up production and meet the surging demand for European-made turbines. This strategic move is essential for achieving the EU’s ambitious 2030 renewable energy targets.
WindEurope, the industry association, has warmly welcomed the EIB’s initiative, highlighting its crucial role in supporting the growth of Europe’s wind energy sector.
How Counter-Guarantees Work
To secure new equipment, wind farm developers typically provide upfront payments to suppliers, backed by guarantees from commercial banks. However, the increasing demand for wind turbines has pushed these banks to their lending limits.
The EIB’s counter-guarantees mitigate this risk for banks, allowing them to offer more guarantees to the industry. This mechanism is similar to government-backed export credit guarantees. Importantly, the EIB’s exposure to risk is minimal, as the likelihood of guarantee claims is exceptionally low.
Benefits for the Industry
By expanding access to financing, the EIB’s initiative empowers wind turbine manufacturers to invest in their operations, meet growing demand, and deliver crucial renewable energy projects. This ultimately strengthens Europe’s energy independence and industrial competitiveness.
 has taken a significant step towards boosting Europe's wind turbine manufacturing sector by providing a €500 million counter-guarantee to Deutsche Bank.){kind=link}