EIB and HSBC Back Hellenic Cables with InvestEU Deal to Boost Wind Energy Supply Chain

25 June 2026

Hellenic Cables-EIB, HSBC and Hellenic Cables join forces under InvestEU to strengthen Europe’s wind power supply chain. (Image credit: Hellenic Cables)

The European Investment Bank (EIB), HSBC and Hellenic Cables have signed an InvestEU-backed agreement aimed at supporting the company's participation in wind energy projects across Europe. Under the agreement, the EIB will provide a €60 million counter-guarantee to HSBC Continental Europe, enabling the latter to expand the issuance of advance payment and performance guarantees for Hellenic Cables.

The initiative forms part of the European Wind Power Action Plan, launched by the European Commission to strengthen Europe’s wind energy industry and accelerate the clean energy transition. By bringing together the expertise of a leading European financial institution, an international banking partner, and a major European cable manufacturer, the agreement will help reinforce Europe’s renewable energy supply chain and support investment in critical energy infrastructure.

Hellenic Cables, the cables segment of Cenergy Holdings, is one of Europe’s leading manufacturers of submarine and land power cables. The company plays a key role in the delivery of infrastructure for offshore wind farms, electricity interconnections, and power transmission networks, contributing to Europe’s energy security and decarbonization objectives.

The agreement will support Hellenic Cables in undertaking projects that are essential to the expansion of wind energy generation. At the same time, it will contribute to strengthening Europe’s industrial base and enhancing the resilience and competitiveness of the European wind energy value chain.

“Europe’s transition to clean energy depends on strong industrial capabilities and effective partnerships. Through InvestEU, this cooperation between the EIB, HSBC, and Hellenic Cables will support the deployment of strategic energy infrastructure and strengthen Europe’s leadership in the renewable energy sector,” said EIB Vice-President Yannis Tsakiris.

“This agreement is a prime example of how public and private partners can work together to accelerate Europe’s clean energy transition. Thanks to our strong collaboration with the EIB, we are pleased to support Hellenic Cables—a European leader in the cables industry—in strengthening the wind power supply chain and helping deliver critical energy infrastructure across Europe,” said Daniele Ferrero, Head of Corporate Coverage, Italy and Greece at HSBC.

Kostas Savvakis, General Manager of Hellenic Cables, commented: “This partnership with EIB and HSBC under InvestEU is a strong endorsement of our role in enabling Europe’s energy transition and strengthens our ability to deliver critical wind infrastructure across the continent.”