EOLICAS DE PORTUGAL SFF III
- Reference: 20100676
- Release date: 19 November 2012
ENEOP 2 - EXPLORACAO DE PARQUES EOLICOS SA
- Portugal
The project concerns the construction and operation of 12 wind farms in Portugal with a total capacity of 296 MW.
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 final energy consumption by 2020 and the project contributes to this objective. The development of renewable energy contributes to several key objectives of the EU, notably security of supply and fight against climate change. In addition, the project is situated in a convergence region (stricto sensu).
- Energy
EUR 300 million
Total cost (Approximate amount)EUR 420 million
Environmental aspectsThe 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 EIA based on a case-by-case decision or defined criteria set by the competent authorities. The Bank will review the EIAs, permits and environmental management processes during appraisal, including mitigation/compensation measures to be taken and any effects on nature conservation sites (Habitats Directive 92/43/EEC and Natura 2000).
With the objective of promoting renewable energy the Portuguese government launched a tender in 2005 which was published in EU Official Journal (2005/S 144-144128). This tender, which was awarded to the Borrower, was reviewed in the context of the financing of previous operations by the promoter and deemed to follow public procurement directive. The Bank will verify that suitable procurement procedures are being applied by the promoter.
Approved - 18/12/2012.
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).
