3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||7 Oct 2010|
|Customer:||Vestas Wind Systems A/S|
|Amount in EUR:||EUR 25 million|
|NACE sector / loan type:||Research and development|
|Business area:||Energy and water|
This loan contributes to climate change mitigation: 100%
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.
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.