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EIB and BNP Paribas sign €700 million guarantee deal for EU power grids

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  • EIB and BNP Paribas agreed to mobilise guarantees for European electricity-grid manufacturers.
  • €700 million in guarantees is expected to stimulate up to €2.8 billion of investment.
  • The agreement joins the EIB's €1.5 billion Pan-EU Power Grid package.
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