The agreement builds on ENGIE Group’s longstanding partnerships with Danish suppliers and reinforces EIFO’s strategic ambition to open doors for Danish companies in key global markets. The EIFO financing consists of a 95% covered buyer credit guarantee for which HSBC acted as Coordinator, Documentation Bank and EIFO and Facility Agent.
The Mandated Lead Arrangers comprise HSBC, Citi, ING, Crédit Agricole CIB and Commerzbank. The transaction covers multiple contracts from various Danish exporters for a number of wind projects across Europe. The facility is expected to co-finance a total wind capacity of more than 1,5GW across all projects.
“I am pleased that EIFO has signed another agreement with ENGIE., which secures international orders for Danish suppliers and supports a range of new wind projects across Europe. The facility aligns closely with EIFO’s strategy of opening doors for Danish companies in global markets and backing projects that strengthen a sustainable and resilient energy system,” said Peter Boeskov, CCO at EIFO.
ENGIE is a major player in the energy transition. With a strong commitment to accelerate the global transition towards a carbon-neutral economy, ENGIE’s expertise and forward-thinking approach makes ENGIE a natural continuing partner for EIFO, something underscored by this credit facility which is the second between EIFO and ENGIE.
“This facility marks an important milestone in the partnership between ENGIE and EIFO and represents a further step in ENGIE’s strategy to diversify its funding sources. It also showcases the strong collaboration and industrial excellence of our wind turbines suppliers.“ said Audrey Robat, Vice President in charge of Corporate Finance and Investments at ENGIE.
“We are delighted to have supported Engie and EIFO on this transaction which underpins key renewable energy projects across Europe. It demonstrates the impact collaboration between corporates, governments and financial institutions can have in scaling Europe’s energy transition while supporting pan-European supply chains. We express our gratitude for the close partnership with EIFO, whose extensive renewable energy experience, flexibility and user-friendly approach ensured an attractive financing swiftly concluded” said Julie Bellais, Managing Director in Export Finance at HSBC.
