ANNOUNCED AS TEMPORARYNo
The loan agreement between the European Investment Bank (EIB) and Windplus S.A. was signed on 18 October 2018 and has a total value of EUR 60 million (approx. USD 69 million).
The loan will support the company's project to install, operate and maintain a floating offshore wind farm off the coast of Portugal.
In this context, the Commissioner for Research, Science and Innovation Carlos Moedas stated: "Today’s deal is another example of how EU financing is helping to lower the risk of rolling out innovative energy solutions like WindFloat. We need breakthrough technologies to accelerate the clean energy transition in Europe and lead the global fight against climate change. This will ultimately improve the quality of life and create new jobs and economic growth for citizens."
Windplus S.A. is a subsidiary of EDP Renováveis (79.4%), Repsol S.A. (19.4%) and Principle Power Inc. (1.2%).
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