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Signature(s)

Amount
€ 90,000,000
Countries
Sector(s)
Germany : € 90,000,000
Industry : € 90,000,000
Signature date(s)
28/11/2014 : € 90,000,000
Link to source

Summary sheet

Release date
28 January 2014
Status
Reference
Signed | 28/11/2014
20130444
Project name
Promoter - financial intermediary
SENVION WIND ENERGY RDI
SENVION SE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 90 million
EUR 185 million
Location
Sector(s)
Description
Objectives

Development of next generation turbines and rotor blades.

The main project's goals are the reduction of levelized cost of energy (LCoE) by increasing the turbine efficiency as well as reducing total lifetime cost, increase of the turbine's energy yield and full load production hours and product diversification.

Environmental aspects
Procurement

The R&D activities are expected to be carried out in existing facilities, already authorised, that will not change their scope due to the project. In the light of this the project is not expected to require an Environmental Impact Assessment as per directive 2011/92/EU. However, some of the activities included in the project, notably the development and testing of new WTGs (Wind Turbine Generators), may result in the construction of experimental wind farms and as such could require an EIA and/or have impacts on Nature conservation sites. The Bank's services will investigate the details during the appraisal.

The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

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.

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).

Documents

Environmental and Social Data Sheet (ESDS) - SENVION WIND ENERGY RDI RSFF
Publication Date
8 May 2014
Document language
Main Topic
Lending
Document Number
51360454
Document Focus
Environmental Information
Project Number
20130444
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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 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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