corporate_banner_en

Windpower in Austria: Energiepark Bruck receives EIB loan

Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

Windpower in Austria: Energiepark Bruck receives EIB loan

  •  Release date: 03 May 2013
  •  Reference: 2013-060-EN

The European Investment Bank (EIB) is providing a EUR 140 million loan to finance wind farms in Lower Austria. A first EUR 28 million instalment was signed today in Bruck by EIB Vice-President Wilhelm Molterer and Dr Thomas Uher, CEO of Austria’s Erste Bank, which will act as the financial intermediary.

The loan will finance the construction of wind farms with a total capacity of 150 MW in the Lower Austrian municipalities of Bad Deutsch-Altenburg, Petronell Carnuntum, Höflein, Rohrau, Bruck an der Leitha, Hof and Seibersdorf. The renewable energy specialist and project promoter Energiepark Bruck will build and operate the facilities. Turbines for the first wind farms will be obtained from the manufacturer Enercon.

With this project, Austria is taking forward the expansion of its renewables capacity with the aim of achieving its own and the EU 2020 climate action targets, which include increasing the share of renewable energy production in the EU to 20% by 2020.

At the signing ceremony, Wilhelm Molterer said: “Austria is continually building up its renewables capacity. The commitment of experienced smaller companies as well as large corporates is enabling the switch to sustainable power generation. And an enormous contribution is also being made by Austria’s banks, which are proving to be reliable financing partners.

Erste Bank’s CEO Thomas Uher added: “As a bank we feel a responsibility towards this sector. The energy transition has to be financed. Financing needs in this area over the next few years will be huge. Windpower capacity alone in Austria is set to increase from today’s 1 400 MW to 3 000 MW by 2020. This requires funding, and we stand ready to provide it.

Michael Hannesschläger, Managing Director of Energiepark Bruck/Leitha GmbH, said: “Our wind farm projects and we ourselves have been under scrutiny, and we have shown ourselves to be dependable professional partners in the development and implementation of projects at European level.”

Renewables are one of the EIB’s financing priorities in Austria, which since 2011 has received EUR 0.5 billion for windpower projects alone.




 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2013/2013-060-windenergie-in-osterreich-energiepark-bruck-erhalt-eib-darlehen.htm