Using the EIB loan, DKB will invest at least €200 million to support companies that are setting up small and medium-sized green energy projects, with investment costs of up to €50 million for the individual sub-projects.
The operation is the first project with DKB that focuses exclusively on renewable energy projects. Half of the EIB’s lending is expected to be allocated to German onshore wind and the other half to German solar photovoltaic projects.
Based on typical wind and solar projects in Germany, it is estimated that the investments will result in about 171 megawatts of new electricity generation capacity from renewable sources, with an annual production of around 350 gigawatts a year.
The EIB loan offers competitively priced long-term financing for small and medium-sized onshore renewable energy projects. In addition, the funds will enable project owners to enhance their financing structure in line with the long economic lifetime of the financed assets.
The operation will contribute to the objectives of the REPowerEU plan, which is backed by the EIB Group, by rolling out clean energy capacity to support the European Union’s energy independence and security of supply. Speeding up the green transition and promoting investment in renewable energy is one of the priorities of the plan.