Siemens Gamesa arranges €300 mn loan from EIB for innovation

By Editor


Siemens Gamesa today announced it has arranged a €300 million loan from the European Investment Bank (EIB) to fund its research and development and innovation (RDI) strategy through 2023.

The deal comprises an initial €150 million tranche, and a second tranche for the same amount that may be tapped next year.

The work will be conducted mainly at SGRE’s R&D centers in Spain (Navarra, Vizcaya and Madrid) and Denmark (Aalborg and Brande), Siemens Gamesa said.

Siemens Gamesa, one of the leading wind turbine equipment makerss, will allocate up to 45 percent of total capital expenditure to R&D.

The EIB loan will be used to fund RDI projects, including: the development of innovative solutions for optimizing the various components of a wind turbine, new applications for turbine maintenance and diagnostic services, and computer applications for optimizing processes and energy production, ranging from blockchain to reality virtual and artificial intelligence.

EIB’s support will also strengthen Siemens Gamesa’s innovativeness by contributing to enhancing the company’s innovative capacity and competitiveness.

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