EnergyWatch

Vestas receives EUR 475m loan from EIB for technology development

The European Investment Bank has issued a EUR 475m loan to the Danish turbine manufacturer, which will use the funding at technology development centers in Denmark and Portugal.

Photo: vestas

Vestas has received a EUR 475m loan from the European Investment Bank targeting technology development in Denmark.

The loan is meant to support research, development and innovation and capital expenditure tied to deployment of new wind turbine technology. The plan is for the investment to contribute to a technological leap forward and to ”lead the way” in energy production and supply, writes EIB in a press release.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Neighbors warn Norway about dangerous solo show

If Oslo ends up reducing its electricity exports, more than than just supply security is at stake. Doing so would risk setting a damaging precedent throughout Europe, say TSOs of other Nordic countries in a an unusually sharp joint plea.

Further reading

Related articles

Latest News

See all jobs