EIB guarantees €500 million for EU wind power support

ca.finance.yahoo.com

The European Investment Bank (EIB) will provide a €500 million ($540 million) guarantee to Deutsche Bank to support Europe's wind power industry, part of a €5 billion initiative to boost capacity. This counter guarantee aims to enable a €1 billion portfolio for investments, potentially spurring €8 billion in total investments. The initiative could help build 32 gigawatts of new wind capacity towards the EU's 2030 target of 117 gigawatts.


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EIB guarantees €500 million for EU wind power support | News Minimalist