EIB loans Haizea Wind Group €35m for advanced wind manufacturing

The European Investment Bank (EIB) and Haizea Wind Group, a Spanish company specialising in the manufacture of components for the wind energy sector, have signed a €35 million ($38.4 million) green loan.

The loan will enable Haizea to implement advanced manufacturing technologies, automate and digitalise processes and move forward with research and development applied to the manufacture and assembly of large metal structures for wind turbines such as wind towers, monopile foundations and offshore wind park transition pieces.

This loan is part of the EIB's innovation support and, given Haizea's role as an equipment and structures provider to the energy sector, the operation also contributes to the REPowerEU plan’s goal of increasing energy security and reducing EU dependence on fossil fuel imports.

According to the EIB in a release, the project backs the international competitiveness of Europe's offshore wind industry and strengthens the European supply chain for renewable energy.

Have you read?
EIB and Deutsche Bank to boost EU’s wind energy manufacturers
EU approves €10.82bn aid scheme for French offshore wind

EIB director of operations for Spain and Portugal Gilles Badot said: “Loans like the one we are signing with Haizea today reflect the EIB’s commitment to innovation and the development of renewable energy technologies enabling us to move forward with the energy transition and strengthening the competitiveness of our companies.

“A robust renewable technology manufacturing sector is vital to guaranteeing the European Union’s energy security and autonomy.”

This loan is backed by the InvestEU programme to mobilise public and private sector funds in support of EU policy goals.

Haizea Wind Group finance director Alvaro Quintana added: “The signing of this loan with the EIB is part of Haizea Wind Group’s goal of helping its clients work towards a more sustainable economy by supplying large metal pieces like towers, transition pieces and large-diameter monopiles – currently key parts of the offshore wind power supply chain to achieve the green transition.

"The trust the EIB has shown by signing with us this green loan will enable us to implement advanced manufacturing technologies and move forward with research and development applied to the manufacture and assembly of large metal structures for wind turbines.”