- Published: 02 December 2020 02 December 2020
Siemens Gamesa has arranged a €300 million loan from the European Investment Bank (EIB) to fund its research and development and innovation (RDI) strategy through 2023. The deal comprises an initial €150 million tranche, and a second tranche for the same amount that may be tapped next year.
The work will be conducted mainly at SGRE's R&D centers in Spain (Navarra, Vizcaya and Madrid) and Denmark (Aalborg and Brande). The EIB loan will be used to fund RDI projects, including: the development of solutions for optimising the various components of a wind turbine, new applications for turbine maintenance and diagnostic services, and computer applications for optimising processes and energy production, ranging from blockchain to reality virtual and artificial intelligence. Overall, Siemens Gamesa will allocate up to 45% of total capital expenditure to R&D.