The European Investment Bank (EIB) and Haizea Wind Group, a Spanish firm that manufactures wind energy components, have inked a €35 million green loan. The loan will allow Haizea to implement advanced manufacturing technologies, automate and digitalize processes, and continue research and development for the production and assembly of large metal structures for wind turbines such as wind towers, monopile foundations, and offshore wind park transition pieces.
The project reinforces the EIB’s position as the EU Climate Bank, supports the development of a significant renewable energy technology, boosts the international competitiveness of Europe’s offshore wind industry, and improves the European renewable energy supply chain. This loan is part of the EIB’s innovation support and falls under the organisation’s overarching priority of climate action and environmental sustainability. This loan is funded by the InvestEU project, which aims to deploy public and private sector funding to promote EU policy objectives.
In June 2024, EIB announced it will advise Natsionalna Elektricheska Kompania EAD on constructing two 800 MW pumped-storage hydropower plants in Bulgaria. The projects are expected to cost around €900 million each, with plans to enhance storage capacity and electricity supply. The plans are expected to be operational by 2032.
