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The Lending Envelope (LE) will enable new investments in the European power grid through counter-guarantees on advance payment and performance bonds associated with supply contracts of manufacturers of power grid equipment in the InvestEU countries. The LE consists of sub-operations in the form of Partial Delegation Linked Risk Sharing with acceptable financial intermediaries.
The objective is to support the expansion and enhancement of the EU power grid by increasing the capacity of the financial intermediaries to provide advance payment and performance bonds in relation to the supply of power-grid components.
The final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.