The European Investment Bank (EIB) has agreed a €30 million loan with aerospace company Skydweller SL’s to help it develop production of a solar-powered autonomous aircraft capable of achieving perpetual flight.
The investment will mainly support the company’s operations in Italy and Spain.
The aircraft can be used for services such as telecommunications, intelligence gathering and surveillance, as well as humanitarian relief.
InvestEU supports EIB and Skydweller €30 million loan (europa.eu)