Vestas finances its innovation activities with a EUR 475m loan from EIB
Vestas Wind Systems A/S, Aarhus,Investor News, 05 July 2022 Vestas has signed a EUR 475m green loan with the European Investment Bank (EIB) to fund its research, development, and innovation (RDI) activities through 2025. The work will be conducted mainly at Vestas’ research and development centres in Aarhus, Denmark, and Porto, Portugal. Technological innovation is key to developing sustainable energy solutions that scale renewable energy and accelerate the green energy transition. Hans Martin Smith, Executive Vice President & CFO, Vestas, says: “As the need to accelerate the