Windplus Gets Loan from EIB

Wind Industry Profile of

Portuguese company Windplus will receive a EUR 60 million loan under the InnovFin Energy Demonstration Project programme to install a floating wind farm off the coast of Portugal / Windplus is a subsidiary of EDP Renewables, Repsol and Principle Power

Located 20 km off the Viana do Castelo coast, the project will speed up the commercial roll-out of a novel technology called WindFloat that enables the  harvesting of abundant wind resources in deep waters where mounting foundations on the sea floor is not possible. The EUR 60 million loan is being granted by the European Investment Bank (EIB) and supported by the European Commission through the Energy Demonstration Projects facility, a thematic investment programme under InnovFin – EU Finance for Innovators,... ... More: Official Press Release EIB

Keywords:

EIB, Portugal, bank, loan, WindPlus, floater, floating, offshore, wind energy