The European Funding Financial institution (EIB) has loaned EUR 35 million ($38.4 million) to Haizea Wind Group, a Spanish producer of wind turbine parts, to spice up its manufacturing capabilities and analysis and growth efforts.
The funding will probably be used to improve manufacturing processes, introduce automation, and advance analysis into giant metallic constructions for wind generators, together with towers, foundations, and transition items, the EIB mentioned in a media launch.
“Loans just like the one we’re signing with Haizea as we speak mirror the EIB’s dedication to innovation and the event of renewable power applied sciences enabling us to maneuver ahead with the power transition and strengthening the competitiveness of our firms”, mentioned EIB Director of Operations for Spain and Portugal Gilles Badot. “A sturdy renewable know-how manufacturing sector is significant to guaranteeing the European Union’s power safety and autonomy”.
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The financial institution goals to take a position EUR 45 billion ($49.2 billion) in REPowerEU initiatives by 2027 to scale back the continent’s reliance on fossil fuels.
“The signing of this mortgage with the EIB is a part of Haizea Wind Group’s purpose of serving to its shoppers work in the direction of a extra sustainable economic system by supplying giant metallic items like towers, transition items and large-diameter monopiles – at the moment key components of the offshore wind energy provide chain to realize the inexperienced transition”, Haizea Wind Group Finance Director Alvaro Quintana added. “The belief the EIB has proven by signing with us this inexperienced mortgage will allow us to implement superior manufacturing applied sciences and transfer ahead with analysis and growth utilized to the manufacture and meeting of enormous metallic constructions for wind generators”.
In 2023, the EIB Group offered over EUR 21 billion in financing for power safety in Europe. Throughout the identical yr, it allotted EUR 4.5 billion for this purpose in Spain, funding initiatives in areas resembling renewable power, power effectivity, energy grids, and storage techniques.
To contact the writer, e-mail andreson.n.paul@gmail.com
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