EIB and Haizea Wind Group Secure €35M Green Loan to Advance Wind Energy Manufacturing

The loan underlines the EIB’s role as the EU Climate Bank and supports the REPowerEU plan’s objectives of bolstering energy security and reducing the EU’s dependency on fossil fuels.

The European Investment Bank (EIB) and Haizea Wind Group, a Spanish firm specializing in wind energy component manufacturing, have finalized a €35 million green loan agreement. This funding will support Haizea in adopting advanced manufacturing technologies, automating and digitalizing processes, and advancing research and development for large metal structures used in wind turbines, including wind towers, monopile foundations, and offshore wind park transition pieces.

EIB Director of Operations for Spain and Portugal, Gilles Badot, highlighted the significance of the loan: “Loans like the one we are signing with Haizea today reflect the EIB’s commitment to innovation and renewable energy technologies. These investments are crucial for progressing the energy transition and enhancing the competitiveness of European companies.” The loan underlines the EIB’s role as the EU Climate Bank and supports the REPowerEU plan’s objectives of bolstering energy security and reducing the EU’s dependency on fossil fuels.

Haizea Wind Group’s Finance Director, Alvaro Quintana, emphasized the strategic importance of the loan: “This green loan will enable us to implement cutting-edge manufacturing technologies and advance R&D for the production of key components in the offshore wind power supply chain. The EIB’s support is crucial in helping us contribute to a more sustainable economy.”

In 2023, the EIB Group allocated over €21 billion for energy security across Europe, with €4.5 billion invested in Spain. These funds are directed towards renewable energy projects, energy efficiency improvements, and power grid and storage system enhancements. The EIB's commitment to REPowerEU includes increasing financing to €45 billion, focusing on strategic technologies with net-zero carbon emissions and critical raw materials. This expansion aims to mobilize over €150 billion in investments by 2027, reinforcing Europe’s transition to sustainable energy.