European Investment Bank and Danske Bank Launch €250 Million Guarantee Agreement to Unlock Up to €500 Million for Europe’s Wind Energy Industry

European Investment Bank and Danske Bank Launch €250 Million Guarantee Agreement to Unlock Up to €500 Million for Europe’s Wind Energy Industry

(IN BRIEF) The European Investment Bank and Danske Bank have signed an agreement under which the EIB will provide a guarantee of up to €250 million, enabling Danske Bank to issue as much as €500 million in guarantees to companies supplying equipment for new European wind farms. The risk-sharing arrangement is intended to increase manufacturers’ financial capacity to accept orders, begin production and deliver turbines and other equipment while helping mobilise additional private investment. The transaction is the first agreement of its kind with a financial intermediary in the Nordic region under the EU’s 2023 Wind Power Package and is backed by InvestEU, while also supporting the objectives of REPowerEU. Wind currently generates around one-fifth of EU electricity on average, while Denmark’s share is approximately 60%. Europe needs an additional 117 GW of wind capacity to support the EU’s target of 45% renewable energy by 2030. The agreement also forms part of the EIB’s €6.5 billion European Wind Power Package, which is expected to support around 32 GW of new capacity while strengthening European manufacturing, supply chains and energy security.

(PRESS RELEASE) LUXEMBOURG, 10-Sep-2026 — /EuropaWire/ — The European Investment Bank (EIB) and Danske Bank have signed a new guarantee agreement designed to expand financing capacity for Europe’s wind energy sector and support manufacturers supplying turbines and other equipment for new wind farms.

Under the agreement, the EIB will provide Danske Bank with a guarantee of up to €250 million, enabling the Denmark-based lender to issue as much as €500 million in bank guarantees for companies involved in producing and delivering equipment for European wind projects.

The operation is expected to help mobilise substantial additional private investment while strengthening Europe’s renewable energy supply chain and supporting the deployment of new wind generation capacity.

EIB guarantee expands financing capacity for wind manufacturers

Large-scale wind projects typically require manufacturers and suppliers to provide bank guarantees to project buyers before production or equipment delivery can begin.

These guarantees are an important part of commercial contracts but can consume significant portions of manufacturers’ available banking capacity, potentially limiting the number or size of projects they can take on simultaneously.

Through its €250 million commitment, the EIB will share part of this risk with Danske Bank.

The risk-sharing arrangement will give Danske Bank greater capacity to provide guarantees to companies throughout the wind energy value chain, helping manufacturers secure orders, begin production and deliver equipment for renewable energy projects.

Up to €500 million in guarantees available to European wind sector

The EIB backing is expected to enable Danske Bank to provide up to €500 million in guarantees to companies operating in the European wind industry.

By expanding access to this form of financial support, the institutions aim to help wind equipment manufacturers respond to growing demand for renewable energy infrastructure.

The guarantees are intended to support production and delivery obligations associated with new wind farms, providing companies with additional financial capacity while helping project developers secure the equipment required for new installations.

The operation is also expected to have a broader catalytic effect by helping mobilise private-sector financing alongside the EIB-backed support.

Ioannis Tsakiris highlights energy security and industrial competitiveness

Ioannis Tsakiris, Vice-President of the European Investment Bank, said Europe needs both additional renewable generation and a strong domestic industrial base capable of supplying the technologies required to deliver it.

He said the partnership with Danske Bank will help wind manufacturers obtain financing to expand, innovate and execute new projects.

According to Tsakiris, strengthening European wind manufacturing also supports the resilience of the clean-energy supply chain and contributes to greater European energy security.

European companies hold significant share of global wind market

European Union companies remain major participants in the global wind industry, accounting for approximately 20% of the worldwide market.

Wind power is also already a significant part of the European electricity mix, providing around one-fifth of electricity generation in the EU on average.

Denmark has the highest wind share among EU countries, with wind energy accounting for approximately 60% of its electricity generation.

Maintaining and expanding this industrial capability is viewed as important to Europe’s efforts to increase renewable energy deployment while strengthening domestic supply chains.

First Nordic intermediary agreement under EU Wind Power Package

The transaction represents the first agreement of its kind involving a financial intermediary in the Nordic region under the European Union’s 2023 Wind Power Package.

The EU initiative was introduced to accelerate wind energy development and improve the competitiveness of European wind manufacturers as demand for renewable generation increases.

The EIB-Danske Bank agreement applies this framework through a financial intermediary, allowing the bank to extend additional guarantee capacity directly to companies serving wind projects.

Danske Bank brings expertise across wind energy value chain

Samu Slotte, Head of Sustainable Finance at Danske Bank, said expanding wind power requires substantial investment, resilient supply chains and financing mechanisms capable of helping manufacturers accept and deliver new orders.

He highlighted guarantees as a particularly important tool because they provide manufacturers with the financial backing required to enter commercial agreements and supply critical equipment.

Slotte said Danske Bank combines extensive relationships across the wind value chain with experience developed in Denmark, one of the world’s most advanced wind energy markets.

The collaboration with the EIB is intended to use that expertise to support additional renewable energy capacity across Europe.

InvestEU backs new wind financing initiative

The transaction is backed by the InvestEU programme, which supports investment aligned with European Union policy objectives.

The guarantee also contributes to the goals of the REPowerEU initiative, launched in 2022 to reduce Europe’s dependence on imported fossil fuels and accelerate the deployment of renewable energy.

By increasing financing capacity for European wind manufacturers, the agreement links industrial competitiveness with the EU’s wider objectives for energy security and decarbonisation.

EU needs another 117 GW of wind capacity by 2030

The scale of Europe’s wind investment requirements remains significant.

To meet the European Union target of achieving 45% renewable energy by 2030, Europe needs to add approximately 117 GW of wind power capacity.

This expansion will require substantial investment not only in wind farms themselves but also throughout the manufacturing and equipment supply chain.

Additional financing capacity for manufacturers can therefore play an important role in ensuring that suppliers are able to produce turbines, components and other equipment at the scale and pace required.

EIB European Wind Power Package totals €6.5 billion

The EIB is supporting the sector through its broader €6.5 billion European Wind Power Package.

The programme is expected to support the development of approximately 32 GW of new wind power capacity.

The Danske Bank transaction forms part of this wider effort to address financing constraints facing manufacturers and strengthen the European industrial base supporting renewable energy deployment.

By using guarantees and risk-sharing instruments, the EIB aims to leverage its financing capacity and enable commercial banks to extend greater support to companies operating throughout the sector.

Agreement supports Europe’s renewable energy supply chain

Beyond the direct financing impact, the EIB and Danske Bank see the agreement as a way to reinforce Europe’s broader clean-energy manufacturing ecosystem.

As wind deployment accelerates, European manufacturers must be able to invest, manage larger order books and deliver equipment on schedule.

Greater access to guarantees can help companies preserve working financial capacity while meeting contractual requirements associated with major infrastructure projects.

The operation therefore combines renewable energy objectives with support for European industrial competitiveness, private investment and energy security.

EIB Group   

The European Investment Bank (EIB) Group is the financing arm of the European Union, owned by the 27 Member States, and one of the largest multilateral development banks in the world. In 2025, the EIB Group signed €100 billion in new financing and advisory services for over 870 high-impact projects under eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, territorial cohesion, agriculture and the bioeconomy, social infrastructure, strong global partnerships and the savings and investments union. Beyond long-term loans for large infrastructure, the EIB Group crowds in private investment for high-risk innovative projects and businesses, with a growing role in Europe’s markets for venture debt, venture capital, guarantees and securitisations.

The European Investment Fund (EIF) is the subsidiary of the EIB Group specialised in providing guarantees, securitisation and equity to improve access to finance for small and medium-sized businesses and startups across Europe. Acting as an anchor investor, through its extensive network of partnering banks and investment funds, the EIF mobilises private investment and nurtures the ecosystem of venture capital funds to support innovative European entrepreneurs.

Photos of the EIB Group’s representatives and headquarters, logo files and video B-roll for media use are available here.

InvestEU 

The InvestEU programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps crowd in private investment for the European Union’s strategic priorities such as the European Green Deal and the digital transition. InvestEU brings all EU financial instruments previously available for supporting investments within the European Union together under one roof, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

Danske Bank

Danske Bank is a leading bank headquartered in Copenhagen and one of the largest financial institutions in the Nordic region. Founded in 1871, Danske Bank serves personal, business, institutional and public-sector customers with banking, financing, investment, capital markets and risk management solutions.

Danske Bank has set an ambition to be a leading transition finance partner for its customers and to support the transition to a low-carbon economy. The Group provides financing and advisory services to companies and investors across sectors such as renewable energy, infrastructure, energy efficiency and the broader transition of energy-intensive industries. This includes solutions such as loans, guarantees, bond issuance, hedging and strategic advice.

Danske Bank supports customers across the wind energy value chain, including utilities, developers, manufacturers, suppliers and institutional investors. The agreement with the EIB has been entered into by Danske Bank’s Corporate Loans Structured Export Finance team.

Media Contact:

Thomas Eriksson
t.eriksson@ext.eib.org

Press Office

+352 43791

SOURCE: European Investment Bank