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Reference: 20060458
Release date: 7 February 2007

Promoter – Financial Intermediary

The promoter is a private group, which engages in independent power generation from renewable resources.

Location

Description

The project concerns the installation of five large scale wind farms (capacity between 32 MWe and 64 MWe) geographically dispersed, with a total capacity of c. 240 MWe.

Objectives

The project will support EU and national objectives to increase the proportion of electricity consumption generated from renewable sources in Portugal.

Sector(s)

Proposed EIB finance (Approximate amount)

To be determined.

Total cost (Approximate amount)

EUR 330 million indicatively.

Environmental aspects

The project falls under Annex II of Directive 85/337/EEC (as amended by the Directives 97/11/EC and 2003/35/EC) on Environmental Impact Assessment (EIA). The project is designed to meet all relevant environmental laws and regulation.
http://www.iambiente/IPAMB_DPP/avaliacao/aia_aval.asp

Procurement

Contracts for the implementation of the wind farms included in the project will be tendered in accordance with the relevant EU procurement legislation.
http://ted.europa.eu/

Status

Signed - 12/06/2007

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).

Related tags

Portugal Energy