Übersicht
Abengoa Solar España S.A. has requested the Bank to part finance a project composed of two 50 MW Concentrated Solar Power Plants. The project will be part of the Solucar platform, with projected 300 Mwe of power generating capacity from solar resources.
The development of renewable energy will support national targets for renewable energy generation and contribute to environmental improvement and security of energy supply objectives. Electricity generation from concentrated solar power will displace fossil fuel-fired generation and the associated emissions of greenhouse gases and other emissions (SO2, NOx). The project is therefore eligible under Article 267 (c) energy sources of common interest / environment including climate change. The project supports the Bank's priority energy lending objectives concerning renewable energy.
All project components will need environmental assessments as required in the EIA Directive 85/337/EC and amendments of 1997 and 2003. By their technical characteristics all components do fall under Annex I or II of the directive.
Investments are subject to the procurement procedures as defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sector.