Eólicas de Portugal SFF I

Reference: 20060036
Release date: 07 October 2008

Promoter – Financial Intermediary

ENEOP2 - Exploração de Parques Eólicos

Location

Portugal

Description

The project concerns the construction and operation of 22 wind farms in Portugal with a total capacity of 486 MW.

Objectives

The development of renewable energy resources.

Comments

Sector(s)

Energy

Proposed EIB finance (Approximate amount)

Up to EUR 300 million.

Total cost (Approximate amount)

Total cost is estimated at EUR 619 million.

Environmental aspects

The project falls under Annex II of Directive 85/337/EC, as amended by Directives 97/11/EC and 2003/35/EC. Thus, the project sub-schemes are subject to an Environmental Impact Assessment (EIA) based on a case-by-case decision or defined criteria set by the competent authorities. The promoter is currently in the process of obtaining approval for the environmental impact studies. It is anticipated that the entire portfolio will have obtained all the required environmental licenses by 2009. The Bank will review the available EIAs, permits and environmental management processes during appraisal, including mitigating/compensation measures to be taken and any effects on nature conservation sites (Habitats Directive 92/43/EEC and Natura 2000).

Procurement

The promoter is not subject to EU Procurement Directives. The Bank will however verify during appraisal that suitable procurement procedures are being applied. From the information available, the concession was awarded following an international competition. Details will be verified during appraisal.

Status

Signed - 29/01/2010.

Related Documents

16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Montalegre PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Serra do Barroso III PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Bustelo e Cinfães PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Pedras Lavradas II PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Sra das Necessidades PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Balocas PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Açor II PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Cadafaz II e Folques PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Vila Nova II PT
16-12-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - Alto da Contada PT

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Installation of 22 wind farms with total capacity of 486 MW

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