Reuters reported. The
European Commission plans to publish the draft measures next week. Under the draft, the EU and its lender, the European Investment Bank, will launch a scheme this year to counter guarantee banks' credit exposure to suppliers in the wind industry.
The idea is to improve access to finance for manufacturers, who are currently being urged to massively expand capacity to help Europe meet its target of generating 42.5% of its energy from renewable sources by 2030, but the target is almost double the current share.
However, the draft says the EU will also closely monitor "unfair trade practices that may benefit foreign wind power manufacturers", including subsidies for products sold to the European market.
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