EIB and Barclays launch €800m EU wind supply chain initiative

The European Investment Bank (EIB) and Barclays Europe have announced a first-time cooperation to support EUR 800 million of new investment in the European wind energy supply chain via a risk-sharing guarantee structure.

• EIB–Barclays Europe cooperation will back around EUR 800 million in investments for wind turbine and grid component manufacturers and suppliers across EU Member States, using risk-sharing on specialised guarantees (advance payment and performance guarantees) to unlock private capital for next-generation wind projects and grid connections.
• The initiative, aligned with the European Wind Power Package and REPowerEU, focuses on EU-based production and assembly capacity, aims to ease guarantee and working-capital constraints, support high-quality jobs in the wind supply chain, and contributes to Barclays’ $1 trillion Sustainable and Transition Financing target by 2030; it was announced in Frankfurt by EIB Vice-President Nicola Beer, Helen Kelly (Head of Corporate Banking, Barclays Europe), and Ingrid Hengster (CEO, Barclays Germany).