• BUSINESS SUPPORT: It will finance the development of construction materials, renewable energy technologies, and solutions for water treatment and desalination
• STRATEGY: The agreement contributes to the EIB’s strategic priorities in technological innovation and climate action as well as the TechEU initiative

The European Investment Bank (EIB) and ACCIONA have signed a €120 million loan to invest in research, development and innovation, and advance the company’s digitalization strategy, with the aim of building more sustainable and efficient infrastructure. This is the first tranche to be signed of a total loan of €150 million approved by the EIB.

The EIB financing will enable ACCIONA to advance the development of innovative materials, processes and technologies in its areas of activity related to infrastructure, renewable energy and water treatment to promote greater sustainability and efficiency. The investment will be allocated to innovative technological solutions in business, process optimization and automation, and decarbonization, as well as cross-cutting projects in digitalization, robotization, the Internet of Things, data analysis, and applied AI.

The financing agreement supports digitalization and technological innovation, as well as climate action and environmental sustainability – two of the eight core prioritiesopens in a new tab set out in the EIB Group 2024-2027 Strategic Roadmapopens in a new tab. In the field of technological innovation, the project serves the TechEU initiativeopens in a new tab, the EIB Group’s program to accelerate EU innovation, which aims to mobilize €250 billion in investments by 2027 for startups, scale-ups and innovative companies across Europe.

This new financing underscores the EIB’s ongoing support for ACCIONA’s research, development and innovation activities, supplementing previous financing agreements between the two entities, most recently the one signed in 2022: EIB provides €110 million to boost ACCIONA’s RDI and digitalization strategy.