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Siemens Gamesa loans EUR 300 million for R&D

The German-Spanish OEM has secured EUR 300 million in credit to finance the group's innovation strategy, with research and development efforts taking place in Denmark and Spain.

Photo: PR Siemens Gamesa/Marina Pacheco

The European Investment Bank (EIB) has extended a credit facility worth EUR 300 million to Siemens Gamesa, the latter informs in a press statement.

The money will be spent on research and development as well as for supporting the manufacturer's innovation strategy ahead of 2023. This will mainly concern R&D centers in Denmark's Aalborg and Brande and at three Spanish sites, Navarra, Vizcaya and Madrid.

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