On February 13, BNP Paribas and the European Investment Bank (EIB) announced a partnership to bolster wind energy projects throughout the European Union. The collaboration has the potential to attract investments of up to 8 billion euros ($8.31 billion). The two financial institutions revealed their plan to provide 1 billion euros in bank guarantees to support fresh investments in EU wind farms, with the aim of boosting funding in this sector.
(1 euro equals $0.9632)