ANNOUNCED AS TEMPORARYNo
On 8 February 2019, the KfW IPEX-Bank announced providing financing for the Germany company Volkswagen Kraftwerk GmbH's purchase and assembly of four wind turbines. The turbines are manufactured by the German company Enercon and will be used at the MAN Truck & Bus AG site in Germany. The financial support has a total value of EUR 19.5 million (USD 22 million).
In this context the KfW stated: "After financing the wind park at Volkswagen's Emden plant in 2014, this is the second time KfW IPEX-Bank has invested in the vehicle manufacturer's new approach to its energy supply. In addition to converting its own power plants from coal to gas, the Volkswagen Group is also increasingly operating plants that sustainably generate environmentally friendly power in line with its environmental objectives."
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.
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