This funding will allow Haizea to adopt advanced manufacturing technologies, automate and digitize processes, and advance research and development in producing and assembling large metal structures for wind turbines, including wind towers, monopile foundations, and transition pieces for offshore wind farms.

This initiative underscores the EIB's role as the EU Climate Bank, supporting the development of key renewable energy technologies, enhancing the global competitiveness of Europe's offshore wind industry, and bolstering the European renewable energy supply chain.

“Today's loan agreement with Haizea exemplifies the EIB's dedication to fostering innovation and advancing renewable energy technologies, which are crucial for driving the energy transition and strengthening the competitiveness of our businesses,” said Gilles Badot, EIB Director of Operations for Spain and Portugal. “A strong renewable technology manufacturing sector is essential for ensuring the European Union's energy security and autonomy.”

This loan, part of the EIB's broader support for innovation, aligns with its focus on climate action and environmental sustainability. Given Haizea's crucial role in supplying equipment and structures to the energy sector, the operation also supports the REPowerEU plan's objectives of enhancing energy security and reducing the EU's reliance on fossil fuel imports. The loan is backed by the InvestEU program, which aims to mobilize public and private sector investments in line with EU policy goals.