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SOLABEN 1&6 CSP PROJECT

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SOLABEN 1&6 CSP PROJECT

  •  Reference: 20110535
  •  Release date: 06 November 2012
Promoter – Financial Intermediary

ABENGOA SA

Location
  • Spain
Description

Construction, operation and maintenance of two concentrated solar power ("CSP") plants, with a capacity of 50MW each, located in Logrosán (Caceres / Extremadura / Spain).

Objectives

The implementation of CSP plants is one of the priorities of the EU as it contributes to the development of renewable energy generation capacity, to environmental improvement and security of energy supply objectives.

Comments
 
Sector(s)
  • Energy
Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 480 million

Environmental aspects

The project falls under Annex II of Directive 85/337/EC, as amended, which leaves the requirement for an Environmental Impact Assessment (EIA) to be determined by the competent national authorities. In this case the Spanish authorities have required an EIA to be carried out. The outcome of the EIA procedure was favourable and the environmental authorisation was awarded in April 2009. Details of the environmental assessment procedures applied and any potential impact on sites of nature conservation will be reviewed during appraisal.

Procurement

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.

Status

Under appraisal   -   06/11/2012.


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).


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