BNP Paribas and EIB Join Forces to Boost Wind Energy Investments in the EU

Listen to this article: 2 mins
BNP Paribas and EIB collaborate to boost wind power investments across Europe (Image Credits: Wikimedia Commons)
BNP Paribas and EIB collaborate to boost wind power investments across Europe (Image Credits: Wikimedia Commons)

BNP Paribas has signed a deal with the European Investment Bank (EIB) to release funding for wind power projects across the European Union. This partnership will stimulate up to €8 billion in wind power investments, focusing on new wind farms, supply chains, and grid interconnectivity.

€500 Million to Boost Wind Energy Investments

Under the terms of the agreement, the EIB will provide a €500 million counter-guarantee to BNP Paribas. BNP Paribas will create a €1 billion portfolio of guarantees to fund new wind farm projects across the EU. The counter-guarantee will generate a leverage effect, ultimately boosting investments in real economy terms to as much as €8 billion.

This partnership is part of the EIB’s €5 billion initiative, aligning with the European Commission’s Wind Power Package from 2023. The initiative aims to accelerate wind energy deployment and bolster the competitiveness of Europe’s wind industry.

Also read: EBRD Lends €25 Million to BNP Paribas Finansal Kiralama for Green Investments in Türkiye

Supporting Europe’s Renewable Energy Goals

The collaboration between EIB and BNP Paribas will support the EU to achieve its green ambition in terms of renewable energy targets. The EU will have 45% of its energy derive from renewables, for example, 32 GW of wind capacity by 2030. The program is a huge leap in building Europe’s energy autonomy and spearheading the green transition.

Ambroise Fayolle, Vice-President of the EIB, said, “Guarantees, like the ones EIB provides through this new financial instrument, contribute to enable the funding of essential projects that drive the green transition, support the decarbonization of the European economy, and strengthen industrial competitiveness.”

A Commitment to Sustainability and Green Transition

This partnership is a testament to BNP Paribas’ long-standing commitment to supporting the low-carbon energy shift globally. At least 90% of its energy production financing by 2030 will be aimed at sustainable energy projects, the bank said. This partnership also finances strategic projects decarbonizing the economy and increasing industrial competitiveness, powering Europe’s energy transition.

Tata Power Renewable Energy and ONGC Sign MoU to Explore BESS Opportunities

Listen to this article: 2 mins
ata Power Renewable Energy and ONGC sign MoU at India Energy Week 2025, aiming to enhance India's energy transition through innovative BESS solutions (Image Credits: Tata Power)
ata Power Renewable Energy and ONGC sign MoU at India Energy Week 2025, aiming to enhance India's energy transition through innovative BESS solutions (Image Credits: Tata Power)

Tata Power Renewable Energy Limited (TPREL), the renewable energy arm of Tata Power, has entered into a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC) to discuss and explore joint opportunities in different segments of the Battery Energy Storage Systems (BESS) value chain.

The MoU resulting in the Tata Power-ONGC partnership was signed during India Energy Week 2025 in the presence of dignitaries such as Shri Hardeep Singh Puri, Hon’ble Union Minister of Petroleum and Natural Gas. Other dignitaries included Mr. Arun Kumar Singh, Chairman & CEO of ONGC, and Mr. Deepesh Nanda, CEO & Managing Director of TPREL.

Commercial Opportunities in BESS

The Tata Power – ONGC partnership focuses on discovering commercial prospects across various segments of the Battery Energy Storage System value chain. These segments are utility-scale systems, grid stabilization, renewable energy integration, microgrids, hybrid solutions, EV charging, backup power, and also energy trading. The collaboration will utilize the capabilities and strengths of both firms to push innovation in the energy storage business.

Enhancing India’s Clean Energy Targets

Deepesh Nanda, CEO and Managing Director of TPREL, said, “This partnership with ONGC marks a significant milestone in our journey to drive India’s energy transition. Battery Energy Storage Systems will play a crucial role in strengthening grid reliability, enabling greater renewable energy integration, and supporting India’s ambitious clean energy goals. Together, we aim to develop innovative storage solutions that will pave the way for a sustainable and resilient energy future.”

Also read: Tata Power Launches 431 MW Solar Project in Madhya Pradesh

A Milestone in Energy Storage

The joint effort of ONGC and TPREL highlights their common interest in sustainable energy solutions and enabling the energy transition in India.TPREL has also ordered India’s largest Solar and Battery Energy Storage System, a 120 MWh capacity 100 MW Solar PV power plant. The accomplishment further asserts TPREL’s leadership role in the design of large energy storage solutions. In addition, the success is the addition of India’s renewable installations and a model for future Battery Energy Storage System projects.