Acciona gets € 185 million EIB loan for R&D

By Chris Sleight21 December 2009

The European Investment Bank (EIB) has lent contractor Acciona € 185 million for its research, development and innovation (RDI) programme. The money will be used for research projects on renewable energy, sustainable construction materials and water treatment & desalination.

Speaking at the signing ceremony, EIB vice president Carlos da Silva Costa said, "Acciona has gone down the road of innovation to maintain its competitiveness and position itself in the market as a provider of high value-added solutions with a strong RDI content. This project is therefore in total harmony with the policies and objectives of the European Union and European Investment Bank itself."

The bulk of the research work will be carried out at Acciona's RDI facilities in Madrid, Barcelona and Pamplona.

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