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    Signature(s)

    Amount
    € 450,000,000
    Countries
    Sector(s)
    Germany : € 450,000,000
    Energy : € 450,000,000
    Signature date(s)
    7/02/2013 : € 150,000,000
    7/02/2013 : € 300,000,000
    Link to source

    Summary sheet

    Release date
    12 September 2011
    Status
    Reference
    Signed | 07/02/2013
    20070087
    Project name
    Promoter - financial intermediary
    Butendiek Offshore Wind Farm

    wpd offshore GmbH

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 450 million
    EUR 1 290 million (estimated)
    Location
    Sector(s)
    Description
    Objectives

    The envisaged operation consists of the installation and operation of a 288 MW offshore windfarm, using eighty 3.6 MW turbines on monopole foundations. The wind farm concession will occupy an area of approximately 33km², with a water depth between 17 and 23 meters. Butendiek is located in the German part of the North Sea, close to the border with Denmark, at 34km for the Island of Sylt and 53km from shore.

    The project aims at assisting Germany to meet EU and national targets for energy generated from renewable energy sources.

    Environmental aspects
    Procurement

    Due to its technical characteristics the project falls under Annex II of EIA-Directive 85/337/EEC (amended by 97/11/EC and 2003/35/EC). For offshore wind farms with more than 20 units, national regulations require a full EIA including public consultation.

    The promoter - a privately owned company not benefiting from special or exclusive rights - is not subject to the EU Utilities Directive The Bank will however ensure that the procurement procedures 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.

    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).

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