12 Dec 2019
EUR 17.5 million
Infrastructure, transportation and telecom
|Date of agreement:||22 Dec 2009|
|Customer:||Vestas Wind Systems A/S|
|Amount in EUR:||EUR 30 million|
|NACE sector / loan type:||Research and development|
|Business area:||Energy and water|
This loan contributes to climate change mitigation: 100%
The 5-year-maturity loan totalling EUR 30 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 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 62 countries worldwide. The company employs some 21,000 persons, of which 7,000 are based in Denmark.
The environmental impacts in relation to developing the new turbine are insignificant. Many features of the new design improve energy output and reduce noise levels. Vestas maintains a certifiable management system in accordance with ISO 14001 and OHSAS 18001.