NORDEX WINDPOWER RDI

Co-financing of Nordex' RDI programme between 2014 and 2017.

The project comprises the promoter’s investments in research, development and innovation (RDI) in the field of on-shore wind energy. The project’s main goals are to improve the competitiveness of the promoter’s on-shore wind turbines by increasing their efficiency as well as reducing total lifetime cost, to develop smart and differentiating features and to design efficient engineering operations. The RDI activities will be carried out in the promoter’s R&D centre located in Rostock (Germany) and in cooperation with suppliers and research institutes in the EU.

The R&D activities are expected to be carried out in existing facilities, already authorised, that will not change their scope due to the project. In the light of this the project is not expected to require an Environmental Impact Assessment as per directive 2011/92/EU. The Bank’s services will investigate the details during the appraisal.

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.