The Export and Investment Fund of Denmark (EIFO) has signed an €850m corporate financing facility with French utility ENGIE to support its wind power expansion across Europe and strengthen international opportunities for Danish exporters.
EIFO said the agreement builds on ENGIE’s long-standing partnerships with Danish suppliers and aligns with the fund’s strategy to help Danish companies access global markets.
The financing comprises a 95% covered buyer credit guarantee from EIFO, with HSBC acting as coordinator, documentation bank and EIFO and facility agent. HSBC, Citi, ING, Crédit Agricole CIB and Commerzbank are serving 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.
“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,” said Peter Boeskov, EIFO’s chief commercial officer.
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, said the deal marks “an important milestone in the partnership between ENGIE and EIFO” and represents a further step in ENGIE’s efforts to diversify its funding sources.
She added that it also “showcases the strong collaboration and industrial excellence of our wind turbine suppliers”.
Julie Bellais, managing director in export finance at HSBC, said the bank was pleased to support ENGIE and EIFO on a transaction underpinning key renewable energy projects across Europe.
She said the deal highlights the impact of collaboration between corporates, governments and financial institutions “in scaling Europe’s energy transition while supporting pan-European supply chains”, adding that EIFO’s renewable energy experience and flexible approach helped conclude the financing swiftly.
