Search EN menu en EIB GROUP CLIENT PORTAL
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 119,658,841.98
Countries
Sector(s)
Denmark : € 119,658,841.98
Energy : € 119,658,841.98
Signature date(s)
10/09/2004 : € 44,770,099.49
30/06/2004 : € 74,888,742.49
Link to source
Other links

Summary sheet

Release date
1 October 2003
Status
Reference
Signed | 30/06/2004
20020135
Project name
Promoter - financial intermediary
Nysted Offshore Windfarm

DONG A/S
A/SAgern Allé 24-26
DK-2970 HØRSHOLM

ENERGI E2 A/S
Teglholmsgade 8
DK-2450 COPENHAGEN SV

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately EUR 96 million.
About EUR 242 million.
Location
Sector(s)
Description
Objectives

The project concerns the construction of an offshore windfarm, consisting of 72 turbines of 2.3 MW each. The turbines will connect through an internal 30kV grid to an offshore substation, itself connected by a 132 kV, 150 MW submarine cable to the onshore grid. The windfarm is expected to produce around 600 GWh of electricity per year and should go into full operation in 2003.

To contribute to Danish and European targets for renewable energy generation (abatement of CO2 emissions and diversification of energy supply). Furthermore, the project will link into an Objective 2 area, and will thus contribute to regional development.

Environmental aspects
Procurement

The project falls under Annex II of Directive 85/337/EEC (as amended by 97/11/EC) on Environmental Impact Assessment (EIA), leaving it to the national environmental authority to determine whether a full EIA is required. In this case, a full EIA was carried out for both the wind farm and the interconnecting cable, and final approval was received from the Danish Energy Agency in July 2001. The environmental impact of the project, including proposed mitigating measures and the environmental monitoring plan, will be reviewed by the Bank during appraisal. The promoter will also be required to provide written confirmation from the competent authorities that no part of the project is likely to have a significant negative effect on any site of nature conservation.

Bidding procedures are in conformity with EU procurement directives.

Comments

Regional and global environment, including climate change.

Link to source
Other links

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.

Related publications