EIB and BNP Paribas sign €700 million grid guarantee deal
The European Investment Bank and BNP Paribas will mobilise €700 million in guarantees for EU electricity grid manufacturers, backed by €350 million counter-guarantees from each party, under InvestEU.
Sept 29 (Reuters) — The European Investment Bank and BNP Paribas have signed an agreement to mobilise €700 million in guarantees for European electricity grid manufacturers, backed by €350 million in counter-guarantees from each party, BNP said on Tuesday. 5 billion package to develop and modernise EU energy grids. It follows a separate €1 billion wind energy guarantee portfolio signed by the two institutions in February 2025. 5 billion previously made available by the EIB for wind energy (Reporting by Charlotte Van Campenhout.
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