EIB backs Vestas' turbine development

Wind Industry Profile of

EIB, the EU bank, is financing winds of change in energy transition towards renewable sources / The European Investment Bank lends up to €475 million to VESTAS Wind Systems A/S / The underlying investments will have significant environmental benefits, being aligned with the EU Green Deal, the Paris Agreement, and with the EIB’s Climate Bank Roadmap, by focusing on developing wind energy technologies. In particular, the investments financed by the EIB will support low-carbon technology and products, energy and resource efficiency, and circular business models.

The EIB will support VESTAS to accelerate the development and deployment of its groundbreaking power generation technology, a key factor and strategic step for the energy transition from traditional sources to renewable... ... More: Official Press Release EIB

Keywords:

EIB, loan, Vestas, turbine manufacturer, next generation, development, renewable energy, investor, green energy transition