EIB and BNP Paribas Sign 700M Euro Grid Deal
The European Investment Bank and BNP Paribas signed an agreement to mobilise 700 million euros in guarantees for European electricity grid manufacturers. The deal supports the modernization of EU energy grids and is expected to stimulate billions in investments.
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The European Investment Bank and BNP PARIBAS signed a €700 million guarantee deal on Tuesday morning to back European electricity grid manufacturers. The agreement is supported by the European Union's InvestEU programme. It forms part of a broader €1.5 billion package aimed at modernising energy grids across the bloc.
