Vestas Wind Systems A/S announced it has signed a EUR 475 million green loan with the European Investment Bank (EIB) to fund its research, development, and innovation (RDI) activities through 2025. The work will be conducted mainly at Vestas' research and development centres in Aarhus, Denmark, and Porto, Portugal. Technological innovation is key to developing sustainable energy solutions that scale renewable energy and accelerate the green energy transition.

The EIB green loan will be used to fund RDI projects, including the development of the V236-15.0 MW(TM) offshore wind turbine which delivers performance and moves the boundaries of wind energy production. The V236-15.0 MW(TM) prototype development work is currently progressing across Vestas' R&D and production sites before serial production commences in 2024.