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 eight billion euros of investment to support wind energy manufacturers in Europe.

The EIB will provide a counter-guarantee of 500 million euros, which Societe Generale will use to create a portfolio of bank guarantees worth up to one billion euros 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 €5 billion 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.

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