ENGIE Secures €1 Billion Export Financing Backed by Euler Hermes

ENGIE has announced the successful signing of a €1,033 million export financing facility. This transaction is backed by a guarantee from Euler Hermes, representing the German government. Held at ENGIE's headquarters, the signing event gathered representatives from Euler Hermes, various banks including Citi, CaixaBank, Deutsche Bank, HSBC, and ING, alongside industrial partners.

This initiative makes ENGIE the first energy company to benefit from the Green Shopping Line Facility, a program by the German Federal Ministry for Economic Affairs and Energy, aimed at boosting renewable energy projects. ENGIE plans to expand its renewable capacity to 95 GW by 2030, supported by a €21–24 billion investment program over the next few years.

The financing will assist ENGIE in acquiring equipment from German suppliers, contributing significantly to Europe's energy transition. The framework provides a reliable and simplified solution bolstered by German export credit guarantees, emphasizing speed and efficiency.