Denmark. Vestas Wind Systems A/S
Date of loan: 7 October 2010
Country: Denmark
Borrower: Vestas Wind Systems A/S
NACE sector/loan type: Research and development
Focus sectors
|
Environment |
50% |
Other: | |
| Energy | Financial intermediary | ||
| Transport, logistics and communication |
Manufacturing and mining | ||
| Innovations | 50% | Services and other |
Project
The 4.5-year-maturity loan totalling EUR 25 million has been provided for financing an R&D programme aimed at developing a new type of 3 MW wind turbine for low and medium wind regimes during the period of 2008-2011. The loan is an expansion of the EUR 30 million loan NIB provided to the same project in December 2009.
The improvements in the design of the blades, nacelle, cooling systems and load-optimised operation are expected to increase the turbine's reliability, reduce its own energy consumption and increase the output capacity.
Vestas is the world's largest producer of wind turbines. It produces more than 15 types of wind turbines for power generation. Vestas-produced turbines have been installed in 65 countries worldwide. The company employs more than 21,000 persons, of which around 7,000 are based in Denmark
Environmental summary
The environmental impacts connected to the R&D for the new turbine are insignificant. Many features of the new design improve energy output and reduce noise levels during operation. Vestas maintain a certifiable management system in accordance with ISO 14001 and OHSAS 18001.
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