Release date: 26 September 2012
Promoter – Financial Intermediary
Typhoon Offshore B.V.Location
Description
Construction and operation of an offshore wind park with a total capacity of 600 MW in the North Sea.
Objectives
The development of wind energy capacity will support EU and national targets for renewable energy generation and contribute to environmental and security of energy supply objectives.
Comments
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 599 million
Total cost (Approximate amount)
EUR 2653 million
Environmental aspects
In line with national legislation, the project has been subject to an EIA which has been approved by the competent authorities. The Bank will review the EIA during appraisal, including a verification of any effects on nature conservation sites.
Procurement
The promoter is a private company not benefiting from special or exclusive rights, thus not subject to the EU Utilities Directive. In line with its principles and its statute, the Bank will verify that suitable procurement procedures, including an appropriate selection of works, goods and services offered at competitive prices are applied. Details will be verified during appraisal.
Status
Signed - 14/05/2014
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).