he European Investment Bank (EIB) and ACCIONA have signed a €120 million loan to invest in research, development and innovation (R&D&I) and to drive its digitalization strategy with the aim of building more sustainable and efficient infrastructure. This is the signing of the first tranche of a total loan of €150 million approved by the EIB.

EIB financing will enable ACCIONA to advance the development of innovative materials, processes, and technologies in its areas of activity related to infrastructure, construction, renewable energies and, water treatment and mobility to promote greater sustainability and efficiency.

The investment will be allocated to innovative technological solutions in the businesses, process optimization and automation and decarbonization, as well as to cross-cutting projects in digitalization, robotization, the Internet of Things, data analytics and applied artificial intelligence.

The financing agreement supports digitalization and technological innovation and climate action and environmental sustainability, two of the eight strategic priorities of the EIB Group set out in its Strategic Roadmap for the years 2024–2027.

In the field of technological innovation, the project will contribute to the TechEU initiative, the EIB Group’s program to accelerate innovation across Europe whose objective is to mobilize €250 billion in investments by 2027 for startups, scaleups and innovative companies across Europe.

This new financing is part of the EIB’s continued support for ACCIONA’s R&D&I activities and adds to other financing agreements, most recently the one signed in 2022 between both entities.

Original link: https://www.acciona.com/es/actualidad/noticias/bei-acciona-firman-prestamo-invertir-innovacion-tecnologica-digitalizacion