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    Signature(s)

    Amount
    € 148,347,000
    Countries
    Sector(s)
    Spain : € 148,347,000
    Energy : € 148,347,000
    Signature date(s)
    20/05/2009 : € 30,153,740.67
    20/05/2009 : € 118,193,259.33

    Summary sheet

    Release date
    22 July 2008
    Status
    Reference
    Signed | 20/05/2009
    20080203
    Project name
    Promoter - financial intermediary
    Andalucia Wind Power Project
    Energia y Recursos Ambientales & Grupo Inverduero
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 190 million.
    Estimated to be around EUR 380 million.
    Location
    Sector(s)
    Description
    Objectives

    A wind power project of 242 MW plant capacity composed of eight wind farms in the Spanish regions Andalucía and Castilla La Mancha.

    The development of renewable energy sources is a priority of the EU. The EU Council adopted a binding target of 20% share of renewable energies in overall EU energy consumption by 2020 and the project contributes to this objective. The development of renewable energy contributes to several key objectives of the EU: security of supply, environment, particularly fight against climate change and international competitiveness (to put EU industry at the forefront of the rapidly growing low-carbon technology sector). Additionally, the investments included in the operation are located in a Convergence region.

    Environmental aspects
    Procurement

    The project’s compliance with all applicable national and EU environmental legislation will be verified during appraisal.

    Procurement in line with EIB guidelines for private sector projects.

    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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    Alternatively, the EIB can be contacted through its external offices.
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