The Export and Investment Fund of Denmark (EIFO) has reinforced its partnership with French utility giant ENGIE by signing a corporate credit facility worth €850 million, aimed at supporting renewable energy projects and strengthening international opportunities for Danish exporters.

The agreement provides a 95% covered buyer credit guarantee, with HSBC acting as Coordinator, Documentation Bank, and EIFO and Facility Agent. The Mandated Lead Arrangers include HSBC, Citi, ING, Crédit Agricole CIB, and Commerzbank. According to EIFO, the facility will co-finance multiple contracts from various Danish suppliers for wind projects across Europe, totaling more than 1.5 GW of installed capacity.

“This 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, Chief Commercial Officer at EIFO. “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.”

ENGIE, a leading player in the energy transition, has committed to accelerating the global shift toward a carbon-neutral economy. Audrey Robat, Vice President in charge of Corporate Finance and Investments at ENGIE, highlighted the strategic importance of the deal: “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.”

HSBC also underscored the broader impact of the transaction. “We are delighted to have supported ENGIE and EIFO on this transaction, which underpins key renewable energy projects across Europe,” said Julie Bellais, Managing Director in Export Finance at HSBC. “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.”

The €850 million facility is the second agreement between EIFO and ENGIE, reflecting a longstanding collaboration that combines Danish industrial expertise with ENGIE’s global renewable energy initiatives.