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Haizea and EIB sign €35 million green loan for European wind power

Haizea Wind Group and the European Investment Bank (EIB) sign a 35 million euro green loan to modernize wind turbine component production and strengthen the renewable energy supply chain.

energynews
Le 7 August 2024

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Spain-based Haizea Wind Group and the European Investment Bank (EIB) have announced the signing of a €35 million green loan.
The financing is intended to modernize Haizea’s production of components for the wind energy industry, by automating and digitizing its manufacturing processes, thereby improving efficiency and reducing costs. the competitiveness of Europe’s renewable energy supply chain.

Modernization and innovation

The loan will enable Haizea to implement advanced manufacturing technologies and further research and develop metal structures for wind turbines, including wind towers, monopile foundations, and transition pieces for offshore wind farms.
This project is part of the InvestEU program, designed to mobilize public and private funds in support of EU policy objectives.

Strategic support and competitiveness

Gilles Badot, Director of Operations for Spain and Portugal at the EIB, emphasizes that this loan reflects the EIB’s commitment to innovation and the development of renewable energy technologies.
This initiative aims to strengthen the competitiveness of the European offshore wind industry and support the European Union’s climate objectives.

Impact on the energy transition

In 2023, the EIB has allocated over €21 billion to energy security in Europe, including €4.5 billion in Spain.
These investments support Europe’s rapid transition to sustainable energy and reduce its dependence on imported fossil fuels.
In July 2023, the EIB Board of Directors increased the amount allocated to REPowerEU projects to 45 billion euros, aimed at ending Europe’s dependence on fossil fuel imports.

Future prospects

To strengthen the financing of the EU’s manufacturing industry, the ISB now includes strategic technologies with zero net carbon emissions, as well as the extraction, processing and recycling of critical raw materials.
This additional funding will be disbursed by 2027, mobilizing over €150 billion of investment in the targeted sectors.
These initiatives are essential to guarantee the European Union’s energy security and support the transition to a green economy.

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