The agreement is part of a €5bn initiative announced by the EIB in support of the European wind power package.

BNP Paribas has signed an agreement with the European Investment Bank (EIB) to support wind energy projects across the European Union, which could generate up to 8 billion euros ($8.31 billion) in investments,

The European Investment Bank will allocate EUR 2 billion to Ukraine for recovery projects under the Ukraine Facility.This is indicated in a statement by the

BNP Paribas SA and the European Investment Bank are partnering to create a €1 billion ($1 billion) portfolio of bank guarantees designed to back investments in EU wind farms.