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Signature(s)

Amount
€ 409,860,062.06
Countries
Sector(s)
United Kingdom : € 409,860,062.06
Energy : € 409,860,062.06
Signature date(s)
20/09/2013 : € 409,860,062.06
Link to source

Summary sheet

Release date
7 September 2010
Status
Reference
Signed | 20/09/2013
20100228
Project name
Promoter - financial intermediary
Greater Gabbard Offshore Wind Project

Greater Gabbard Offshore Winds Limited, a joint venture between RWE and SSE.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 500 million.
GBP 1 387.50 million.
Location
Sector(s)
Description
Objectives

The project concerns the implementation and operation of a 504 MW offshore wind farm. The project is located between 23 km and 45 km off the coast of Suffolk and will consist of 140 3.6 MW wind turbines.

The project aims at enabling the UK to achieve its ambitious target of energy consumption based on renewable energy sources in 2020.

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). In this case, a full EIA was carried out for both the offshore and the onshore works. Planning consent for both onshore and offshore works was granted in early 2007.

The promoter is not subject to EU procurement directives (Utilities Directive 2004/17) for the purchase of the project’s equipment as the concession to build an offshore wind farm was granted following a competitive tender (Round 2) launched by the UK government. The promoter however has suitable procurement and purchasing procedures in place, which allow an appropriate selection of works, goods and services offered at competitive prices. The project will be delivered on a multi-contract basis, which is a common approach for offshore wind farms. The selected suppliers are reputable companies with substantial offshore experience.

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).

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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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