EU makes financial guarantee on green energy investments

EU makes financial guarantee on green energy investments

The guarantees are expected to help generate total investments of up to 500 million euros.. The EBRD will implement the largest volume and number of guarantees under the EIP in the EU Neighbourhood.. The projects under the programme will help unlock countries' substantial renewable energy potential, promote the development of renewable energy more widely and demonstrate how the private sector can help meet the growing demand for energy.. "We're convinced that the guarantee provides sufficient risk cover to attract major private sector investment in countries where not enough such financing is available we are preparing to support even greater volume of private investment in sustainable development post 2020 through the European Fund for Sustainable Development Plus, which will also cover enlargement countries," he was quoted on the website as saying..