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February 7, 2022

EIB to support green investments of Spain’s Talgo

Talgo will use the loan to strengthen its competitiveness through the development of new rolling stock solutions.

The European Investment Bank (EIB) has agreed to provide a €35m loan to Spanish high-speed passenger trains manufacturer Patentes Talgo to finance its research, development and innovation (RDI) strategy.

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The green loan will be used by Talgo between 2021 and 2024 to strengthen its competitiveness through the development of new rolling stock solutions and product portfolio expansion.

Talgo intends to invest in low-carbon rail transport vehicles. This includes the research, development and innovation activities of low-carbon rail transport vehicles’ key components and systems.

Talgo chairman Carlos Palacio added: “Talgo has been committed to rail sector innovation since its founding almost 80 years ago. We firmly believe that trains are the immediate response to the climate emergency, and EIB support will enable us to make further progress in decarbonising the transport system.”

EIB’s investments are said to comply with the EU Sustainable and Smart Mobility Strategy and the Climate Bank Roadmap, which supports a €1tn investment in climate action and environmental sustainability by 2030.

According to the bank, the investments will deliver safer products and manufacturing processes.

It will also result in positive environmental impacts pertaining to the development of energy-efficient rolling stock that utilise recyclable composite materials.

Furthermore, the investments are expected to enable sustainable mobility by increasing passenger and goods rail traffic gradually while supporting an affordable high-speed rail network.

EIB vice-president Ricardo Mourinho Félix said: “We are proud to finance Talgo’s RDI strategy once again, demonstrating our commitment to sustainable transport. This operation again reflects the EIB’s support for helping Spain to achieve an economic recovery focused on the environment, innovation and job creation.”

Talgo is engaged in designing, manufacturing and maintaining light high-speed trains. In addition to Spain, it has operations in the US, Germany, Denmark, Kazakhstan, Uzbekistan, Russia, Saudi Arabia, as well as Egypt.

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img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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