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Signature(s)

Amount
€ 450,000,000
Countries
Sector(s)
Belgium : € 450,000,000
Energy : € 450,000,000
Signature date(s)
25/11/2010 : € 45,000,000
25/11/2010 : € 150,000,000
25/11/2010 : € 255,000,000
Link to source

Summary sheet

Release date
21 June 2010
Status
Reference
Signed | 25/11/2010
20090644
Project name
Promoter - financial intermediary
C-Power II Offshore Wind Belgium

C-Power NV

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 450 million.
Indicatively estimated to be around EUR 900 million.
Location
Sector(s)
Description
Objectives

The project consists of the design, construction and operation of a large-scale offshore wind farm with a capacity of 295.2 MW situated 35 km off the Belgian coast.

The project aims at assisting Belgium to meet EU and national targets for energy generated from renewable energy sources (13% by 2020).

Environmental aspects
Procurement

An offshore wind farm falls by virtue of its technical characteristics under Annex II of Directive 85/337/EEC (as by 97/11/EC 2003/35/EC). As the project is however located in Exclusive Economic Zones (EEZ) of the North Sea, it is also subject to the United Nations Convention on the Law of the Sea (“UNCLOS”) and national regulations concerning installation activities in the sea, making an EIA mandatory under national law. An EIA has been carried out and submitted to the Belgian competent authorities. The Bank will review the EIA during appraisal, including a verification of any effects on nature conservation sites.

The wind farm concession has been awarded on the basis of objective, proportionate and non-discriminatory criteria according to national legislation. Thus, the project does not enjoy special or exclusive rights and is not subject to EU Procurement Directives. The Bank will however ensure that the procurement procedures to be applied comply with the Bank’s principles and its statute, i.e. works, goods and services will be appropriately selected and are offered at competitive prices. Details will be verified during appraisal.

Link to source

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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