BNP Paribas has signed an agreement with the European Investment Bank (EIB) to support wind energy projects across the European Union, which could generate up to 8 billion euros ($8.31 billion) in investments,

BNP Paribas has agreed with the EIB to stimulate up to €8bn ($8.3bn) in funding for wind energy projects across the EU.

BNP Paribas SA and the European Investment Bank are partnering to create a €1 billion ($1 billion) portfolio of bank guarantees designed to back investments in EU wind farms.