Zamudio, June 2026 – The European Investment Bank (EIB) has signed a €75 million loan agreement with Spanish company Ingeteam to accelerate research, development, and innovation in renewable energy and electrification technologies. Backed by the InvestEU programme, the financing is part of the EIB Group’s TechEU initiative, the largest programme ever launched to boost technological innovation across the European Union.
Headquartered in Zamudio, Spain, Ingeteam specializes in electrical energy conversion through rotating electrical machines, power electronics, control and automation, and digital intelligence. Operating in 15 countries, the company is among Europe’s top ten manufacturers of photovoltaic inverters. This marks its fifth financing agreement with the EIB.
The investment will strengthen Ingeteam’s R&D centers in the Basque Country and Navarre, focusing on integrating renewable energy into the grid, developing advanced power electronics, expanding energy storage systems, enhancing cybersecurity of electrical networks, and advancing transport electrification. These innovations aim to reduce Europe’s dependence on non-European suppliers, improve grid stability, and ensure data integrity.
At the signing event, Nadia Calviño, President of the EIB Group, highlighted the strategic importance of the loan: “This new EIB investment in Ingeteam is key to Europe’s energy autonomy. It will enable us to reduce dependence on non-European suppliers of renewable energy technologies while strengthening electricity grid security.”
Pilar Solano, Director of the EIB’s Corporate Lending Department for the EU, added: “Accelerating the energy transition and increasing the competitiveness of the European industrial sector are two sides of the same coin. This collaboration with Ingeteam advances both objectives to strengthen Europe’s strategic autonomy.”
Teresa Madariaga, President of Ingeteam, emphasized the company’s mission: “We work with the clear goal of powering a sustainable future through our technologies, improving efficiency, stability, and reliability across the entire electrical system lifecycle. This partnership with the EIB reinforces our commitment to innovation and clean energy integration.”
The loan contributes to the REPowerEU programme, supporting Europe’s energy security and independence. It also aligns with the EIB Group’s climate action priorities, reinforcing Europe’s leadership in renewable energy and sustainable industrial development.
By investing in advanced renewable technologies, the EIB and Ingeteam are helping to build a more resilient, secure, and sustainable energy future for Europe.
