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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Germany : € 75,000,000
Energy : € 75,000,000
Signature date(s)
22/12/2014 : € 75,000,000
Link to source
Data sheet

Summary sheet

Release date
19 August 2014
Status
Reference
Signed | 22/12/2014
20140149
Project name
Promoter - financial intermediary
BALTIC II LOAN B
ENBW ENERGIE BADEN-WUERTTEMBERG AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 1532 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The proposed project concerns the construction and operation of a 288 MW offshore wind farm in the Baltic Sea. The project already benefits from a previous EIB loan.

The development of offshore wind energy capacity supports EU and national targets for renewable energy generation. Electricity generation from offshore wind farms can produce electricity with substantially lower environmental impacts, particularly greenhouse gas (GHG) emissions.

Environmental aspects
Procurement

The project falls under Annex II of EIA-Directive 85/337/EEC (amended by 97/11/EC and 2003/35/EC) due to its technical characteristics. National regulations required a full Environmental Impact Assessment (EIA) including public consultation for this operation. The Competent Authorities granted the environmental permit in 2005. The EIA and permitting process of the project were appraised by the Bank in 2012 and deemed satisfactory.

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/17/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.

Link to source
Summary sheet
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

Non-Technical Summary (NTS) - BALTIC II LOAN B
Publication Date
21 Aug 2014
Document language
Main Topic
Lending
Document Number
54218648
Document Focus
Environmental Information
Project Number
20140149
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - BALTIC II LOAN B
Publication Date
23 Oct 2014
Document language
Main Topic
Lending
Document Number
55552053
Document Focus
Environmental Information
Project Number
20140149
Sector(s)
Regions
Countries
Publicly available
Download now
Other links
Summary sheet
Data sheet

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.
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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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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