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    Signature(s)

    Amount
    € 333,000,000
    Countries
    Sector(s)
    Belgium : € 333,000,000
    Energy : € 333,000,000
    Signature date(s)
    27/06/2012 : € 100,000,000
    27/06/2012 : € 100,000,000
    27/06/2012 : € 133,000,000

    Summary sheet

    Release date
    20 March 2012
    Status
    Reference
    Signed | 27/06/2012
    20090682
    Project name
    Promoter - financial intermediary
    NORTHWIND OFFSHORE WIND FORMERLY ELDEPASCO
    SPECIAL PURPOSE ENTITY(IES)/FUND
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 333 million
    EUR 883 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    216 MW offshore wind farm located 37km from the Belgian coast

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

    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.

    Comments

    The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ELDEPASCO NORTHWIND OFFSHORE WIND
    Publication Date
    24 Jul 2015
    Document language
    Main Topic
    Lending
    Document Number
    54861295
    Document Focus
    Environmental Information
    Project Number
    20090682
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ELDEPASCO NORTHWIND OFFSHORE WIND
    Publication Date
    21 Dec 2016
    Document language
    Main Topic
    Lending
    Document Number
    67844526
    Document Focus
    Environmental Information
    Project Number
    20090682
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    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.
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