Summary sheet
- Energy - Electricity, gas, steam and air conditioning supply
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 EIB's contribution to the Clean Industrial Deal.
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.
The final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Final recipients will be requested to comply with applicable national and EU legislation, as appropriate.