Project Notice
|
| PNR |
70388 |
| Project Name |
PAN-EU POWER PURCHASE AGREEMENT GUARANTEE LE |
| Project Detail |
The Lending Envelope (LE) will enable new investments in renewable energy in the EU countries, Norway and Iceland. The LE consists of sub-operations in the form of full or partial delegation Linked Risk Sharing with acceptable financial intermediaries. This operation is part of the EIBs contribution to the Clean Industrial Deal. Objectives The LE will support midcaps and larger corporates to sign guarantees on corporate power purchase agreements (cPPA) with renewable energy suppliers, helping them as off-takers to access green energy supply at a longer-term fixed price, secure demand for renewable energy producers and meet their lenders requirements. This will both contribute to off-takers competitiveness and decarbonisation process as well as support increase in green energy supply. Sector(s) Energy - Electricity, gas, steam and air conditioning supply Proposed EIB finance (Approximate amount) EUR 500 million Total cost (Approximate amount) EUR 3000 million |
| Funded By |
European Investment Bank (EIB) |
| Sector |
Energy, Power and Electrical |
| Country |
Various Countries , Southern Asia |
| Project Value |
AL 3,000,000,000
|
