ENGIE Secures an Export Financing Line of 1.033 Billion Euros
ENGIE announces the signing of an export financing line worth 1.033 billion euros, backed by a guarantee from the German agency Euler Hermes on behalf of the Federal Republic of Germany. This innovative structure is designed to finance the acquisition of equipment from German suppliers for renewable energy projects.
A First for a Major Energy Company
ENGIE becomes the first energy company to benefit from a 'Green Shopping Line Facility' launched in 2025 by the German Federal Ministry of Economic Affairs and Energy. This mechanism provides a secure and flexible financing structure for the procurement of German technologies. The financial arrangement was structured with a pool of international banks. Citi is coordinating and serving as the agent bank, alongside CaixaBank, Deutsche Bank, HSBC, and ING. An event was held on May 26, 2026, at ENGIE's headquarters in La Garenne-Colombes, bringing together representatives from Euler Hermes, lending banks, industrial partners, and German institutional and economic organizations.
Diversifying Financing Sources for Renewable Investments
This export financing is part of ENGIE's growth strategy, which aims to reach 95 GW of installed renewable energy and storage capacities by 2030. The group will support this ambition with a growth investment program of 21 to 24 billion euros for the period 2025-2027. The solution benefits from the export credit guarantees of the Federal Republic of Germany, combining speed, simplicity, and reliability on a large scale. This diversification of financing sources strengthens the group's ability to mobilize the necessary resources for its energy transition.
Executive Statements on the Financing Agreement
Pierre-François Riolacci, Deputy CEO of ENGIE in charge of Finance, ESG, and Purchasing, stated: 'We are delighted with the confidence shown by Euler Hermes in structuring this innovative financing solution, which reflects the strength of our relationships with our German partners. We share a common ambition to strengthen European value chains and accelerate the electrification of uses.' Edna Schöne, CEO of Euler Hermes, added: 'This transaction marks an important milestone for us. It is particularly significant due to its direct impact on German exporters: by establishing a flexible and long-term framework with ENGIE, we enable the German industry to play an active role in the industrial transformation of Europe.'
