The Export and Investment Fund of Denmark (EIFO) has signed an €850m corporate facility with ENGIE to support the French utility’s wind build-out across Europe and strengthen international opportunities for Danish exporters.
The fund said the agreement builds on ENGIE’s long-standing partnerships with Danish suppliers and aligns with EIFO’s strategy to open doors for Danish companies in global markets.
EIFO’s financing consists of a 95% covered buyer credit guarantee, with HSBC acting as coordinator, documentation bank and EIFO and facility agent, while HSBC, Citi, ING, Crédit Agricole CIB and Commerzbank serve as mandated lead arrangers.
The transaction covers multiple contracts from several Danish exporters for European wind projects and is expected to co-finance more than 1.5GW of capacity.
Peter Boeskov, EIFO chief commercial officer, said: “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.”
He added that 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”.
Audrey Robat, vice president in charge of corporate finance and investments at ENGIE, stated: “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.”
She said it also “showcases the strong collaboration and industrial excellence of our wind turbines suppliers.”
Julie Bellais, managing director in export finance at HSBC, added: “We are delighted to have supported Engie and EIFO on this transaction which underpins key renewable energy projects across Europe.”
She noted that the deal demonstrates the impact of collaboration between corporates, governments and financial institutions “in scaling Europe’s energy transition while supporting pan-European supply chains.”
Bellais said EIFO’s renewable energy experience and flexible approach ensured financing was concluded swiftly.