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    Signature(s)

    Amount
    € 110,000,000
    Countries
    Sector(s)
    Spain : € 110,000,000
    Energy : € 110,000,000
    Signature date(s)
    21/07/2011 : € 30,000,000
    13/11/2009 : € 80,000,000
    Link to source

    Summary sheet

    Release date
    14 November 2008
    Status
    Reference
    Signed | 13/11/2009
    20080098
    Project name
    Promoter - financial intermediary
    Thermosolar Gemasolar Spain

    Torresol Energy SA; JV of SENER (ES) & Abu Dhabi Future Energy Company.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 110 million.
    Generally estimated at over EUR 200 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the implementation of a Solar thermal power generation plant with a capacity of 17 MW, to be developed near Seville, Spain.

    The development of CSP technologies is one of the key priorities of the European Strategic Energy Technology Plan. The project supports the development of a potentially important renewable energy technology and thus contributes to the EU renewable energy objectives.

    Environmental aspects
    Procurement

    The project falls under Annex II of Directive 85/337/EC, as amended by 97/11/EC and 2003/35/EEC, which leaves the requirement for an Environmental Impact Assessment (EIA) to be determined by the competent national authorities, according to the selection criteria established in Annex III of the Directive. In this case the Spanish authorities have required an EIA to be carried out, including the new 66kV line. Details of the environmental assessment procedures applied will be reviewed during appraisal.

    Neither the promoter nor the special purpose companies are subject to EU Procurement Directives. Suitable procurement procedures, including an appropriate selection of works, goods and services offered at competitive prices should be applied in the project’s best interests. Details will be verified during appraisal.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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