Green Loan – In a move to support the wind energy sector, the European Investment Bank (EIB) and Haizea Wind Group have formally agreed a €35 million green loan aimed at advancing manufacturing technologies and digital processes in the renewable energy sector. The partnership comes at a time when Europe is looking to strengthen its position in the sustainable energy market.
Greenron
The funding will support Haizea, a company known for manufacturing components for wind energy systems, to strengthen its capacity to produce critical structures such as wind towers, monopile foundations and transition components for offshore wind projects. This collaboration not only aligns with Haizea’s objectives, but also plays a role in strengthening the European supply chain for renewable energy components that ensure competitiveness in the offshore wind sector.
Gil Vado, EIB’s head of operations in Spain and Portugal, stressed the importance of this initiative. “The loan we are finalizing today with Haizea demonstrates the EIB’s commitment to innovation and the advancement of energy technologies. This move helps us make progress on the energy transition journey, strengthening the competitiveness of companies,” he said. This commitment is in line with the EIB’s goal of strengthening energy security within the European Union, especially in light of the REPowerEU strategy, which aims to reduce dependence on fossil fuel imports.
Sustainability and Environmental Responsibility
In addition to supporting the development of HYZEA, green loans are part of the EIB’s financial commitment to promoting sustainability and environmental responsibility. In 2023, the EIB Group has allocated more than €21 billion to strengthen Europe’s energy security, of which €4.5 billion is specifically earmarked for projects in Spain. These investments play a role in promoting the transition to energy sources and strengthening economic stability in the region.
Alvaro Quintana, Finance Director of Haizea Wind Group, expressed his goal of helping customers transition to a green economy. He said the EIB had confirmed Haizea’s confidence in enabling innovation and supply of components for wind power as part of the green transition.
