France, Sept. 21 -- The European Investment Bank (EIB) and Credit Agricole CIB have signed an agreement to support European energy grids, reaffirming their shared commitment to the energy transition, European industrial competitiveness and Europe's security of supply.The EIB will provide up to €300 million in counter-guarantees, enabling Credit Agricole CIB to commit an equivalent amount to build a portfolio of bank guarantees, issued on behalf of its clients, of up to €600 million. The guarantees are intended to support new investment in energy grids across the European Union. The leverage generated by the counter-guarantee is expected to mobilise up to €2.4 billion in real-economy investment.The operation aims to strengt...