Ashurst advised the European Investment Bank (EIB) on financing the research and development activities (R&D) of wind turbine manufacturer Nordex SE. The bank will provide the company with a loan of €100 million for its multi-year R&D programme.

The EIB is the European Union's bank for long-term financing. It is owned by the member states of the EU. Apart from financing research, development and innovation, the bank focuses its activities on strategic infrastructure, resource efficiency as well as small to mid-size companies.

The globally active Nordex group specialises in the development, manufacture and installation of wind turbine generators. With the research Nordex plans to step up the development of increasingly efficient technical solutions in order to improve its competitiveness.

The Ashurst team was led by Frankfurt-based banking partner Dr Tom Beckerhoff. He was assisted by associate Michael Schuhmacher and transaction manager Dominique Blaurock.