COFIDES has granted a €500,000 loan to IED, a Navarra-based SME, to support its expansion and local manufacturing efforts in the U.S. renewable energy market.

Information on the Target

IED is an industrial SME based in Navarra, specializing in the design, development, and manufacturing of advanced technology for strategic sectors such as renewable energy, electric mobility, and industrial automation. With over 30 years of experience, the company has consistently focused on sustainable growth through technological innovation, close customer relations, and a commitment to energy efficiency. IED operates facilities not only in Spain, but also in India, China, and now the United States.

The financing received from COFIDES, amounting to €500,000, will support IED’s commercial establishment in the U.S. market. This funding, sourced from the Small and Medium-sized Enterprise Investment Operations Fund (FONPYME), will be utilized for personnel expenses and logistical costs as the company embarks on a local manufacturing plan for electronic equipment aimed at the renewable industry.

Industry Overview in the Target's Specific Country

The renewable energy sector in the United States is a rapidly growing industry, currently leading the world in solar energy generation and capacity. As the U.S. transitions towards more sustainable energy solutions, the demand for innovative