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The European Investment Bank (EIB) has granted Ingeteam a loan of € 55 million to support its research, development and innovation activities in the area of renewable energy.

Ingeteam will therefore be able to strengthen its research, development and innovation into production systems and procedures related to electrical equipment for generating renewable energy through wind turbine generators, PV systems and hydropower and thermal plants. All these initiatives will be developed in the course of 2015 at the company's facilities located in the Basque Country, Navarra and Albacete.

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