BNP Paribas signs agreement with EIB for wind energy investment

France-based BNP Paribas has signed an agreement with the European Investment Bank (EIB) to stimulate up to €8 billion in funding for wind energy projects across the European Union. This initiative unlocks investments for new wind farm projects, improving supply chain efficiency and enhancing grid interconnections. The deal involves a €500 million counter-guarantee from the EIB, allowing BNP Paribas to create a €1 billion portfolio of bank guarantees to support these investments.