Release date: 28 January 2014
Promoter – Financial Intermediary
SENVION SELocation
Description
Development of next generation turbines and rotor blades.
Objectives
The main project's goals are the reduction of levelized cost of energy (LCoE) by increasing the turbine efficiency as well as reducing total lifetime cost, increase of the turbine's energy yield and full load production hours and product diversification.
Comments
The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
EUR 185 million
Environmental aspects
The R&D activities are expected to be carried out in existing facilities, already authorised, that will not change their scope due to the project. In the light of this the project is not expected to require an Environmental Impact Assessment as per directive 2011/92/EU. However, some of the activities included in the project, notably the development and testing of new WTGs (Wind Turbine Generators), may result in the construction of experimental wind farms and as such could require an EIA and/or have impacts on Nature conservation sites. The Bank's services will investigate the details during the appraisal.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.
Status
Signed - 28/11/2014
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).