Green Loan – In a move to support the wind energy sector, the European Investment Bank (EIB) and Haizea Wind Group have officially agreed on a €35 million green loan aimed at advancing manufacturing technologies and digital processes in the renewable energy field. This partnership comes at a juncture as Europe aims to strengthen its presence in the sustainable energy market.
Green Loan
This funding will empower Haizea, a company renowned for manufacturing components for wind energy systems, to enhance its capabilities in producing vital structures like wind towers, monopile foundations and transition pieces for offshore wind projects. This collaboration not aligns with Haizea’s objectives but also plays a role in enhancing the European supply chain for renewable energy parts ensuring competitiveness, within the offshore wind sector.
Gilles Badot, the Director of Operations, for Spain and Portugal at EIB emphasized the significance of this initiative. He mentioned, “The loans we are finalizing with Haizea today showcase EIB’s dedication to innovation and advancing energy technologies. This move helps us progress in our energy transition journey. Enhances the competitiveness of businesses.” This commitment is in line with EIB’s objectives of enhancing energy security within the European Union, especially considering the REPowerEU strategy aimed at reducing reliance on fossil fuel imports.
Sustainability and environmental responsibility
Apart from supporting Haizea’s progress, the eco-friendly loan forms part of EIB’s financial effort to promote sustainability and environmental responsibility. In 2023 EIB Group allocated over €21 billion for bolstering energy security in Europe with €4.5 billion designated specifically for projects in Spain. These investments play a role in expediting the transition to energy sources and fortifying economic stability within the region.
Alvaro Quintana, Finance Director at Haizea Wind Group expressed their objective to assist clients in transitioning towards a economy. He highlighted EIB’s confidence in Haizea enabling them to innovate and supply components, for wind power as part of the green transition.
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First published in this link of The European Times.
