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        SOLAR ROOFS - ALTERNATIVE ENERGY

        Signature(s)

        Amount
        € 76,925,592.8
        Countries
        Sector(s)
        Spain : € 26,923,957.48
        Germany : € 50,001,635.32
        Energy : € 76,925,592.8
        Signature date(s)
        5/03/2008 : € 6,730,989.37
        5/03/2008 : € 6,730,989.37
        5/03/2008 : € 6,730,989.37
        5/03/2008 : € 6,730,989.37
        5/03/2008 : € 12,500,408.83
        5/03/2008 : € 12,500,408.83
        5/03/2008 : € 12,500,408.83
        5/03/2008 : € 12,500,408.83

        Summary sheet

        Release date
        21 December 2007
        Status
        Reference
        Signed | 05/03/2008
        20070320
        Project name
        Promoter - financial intermediary
        Solar Roofs - Alternative Energy
        Private Investors
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        up to 75% of total project cost.
        EUR 150 million, indicatively.
        Location
        Sector(s)
        Description
        Objectives

        Installation and operation of medium-scale photovoltaic plants, totalling 30 MWe peak geographically dispersed over Germany and Spain. The photovoltaic units will be mounted on flat roofs of large logistic-centre buildings, which are owned and operated by a grocery retailer.

        All photovoltaic plants are expected to benefit from legally guaranteed, feed-in tariffs and expected to be installed by the end of 2008.

        Environmental aspects
        Procurement

        Roof-top mounted PV farms may fall under Annex II of the EIA-Directive 85/337/EC amended 97/11/EC, and 2003/35/EC, and would thus be subject to an EIA based on a case-by-case decision or criteria established by the competent authority. In Germany, roof-mounted PV plants can be installed without carrying out an EIA. According to Spanish national legislation roof-mounted PV plants may be subject to an EIA.

        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.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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