The European Investment Bank (EIB) and component manufacturer Haizea Wind Group have signed a €35 million green loan.
The loan is slated to assist Haizea in implementing advanced manufacturing technologies and processes. It is also expected to help the company move forward with R&D, as applied to the manufacture and assembly of large metal structures for wind turbines such as wind towers, monopile foundations and offshore wind park transition pieces.
“Loans like the one we are signing with Haizea today reflect the EIB’s commitment to innovation and the development of renewable energy technologies enabling us to move forward with the energy transition and strengthening the competitiveness of our companies,” says EIB’s Gilles Badot.
“A robust renewable technology manufacturing sector is vital to guaranteeing the European Union’s energy security and autonomy.”
The loan is backed by the InvestEU program to mobilize public and private sector funds in support of EU policy goals.