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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Belgium : € 250,000,000
    Energy : € 250,000,000
    Signature date(s)
    21/10/2015 : € 100,000,000
    21/10/2015 : € 150,000,000

    Summary sheet

    Release date
    13 July 2015
    Status
    Reference
    Signed | 21/10/2015
    20140251
    Project name
    Promoter - financial intermediary
    NOBELWIND OFFSHORE WIND
    Parkwind, Sumitomo Corp, Zeewind I BV
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million
    EUR 653 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Construction of the second phase (165 MW) of an offshore windfarm (phases1 2: 336MW) located 46km from the Belgian coast

    The development of offshore wind energy will support EU and national targets for renewable energy generation and contribute to security of energy supply and environmental objectives. The project is therefore eligible under Article 309 point (c) common interest (energy/renewable energy). The project will further contribute to the Bank's priority objectives for energy sector lending related to renewable energy and climate action (transversal).

    Environmental aspects
    Procurement

    By virtue of its technical characteristics the entire offshore wind farm (phases 1&2, 336 MW) would fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU). According to national law the project is subject to a mandatory EIA, which was undertaken. Following rounds of public consultation and expert advice, the competent authority has approved the EIA and granted a general, conditional construction and operating permit. With adequate precautionary measures, the impacts on fauna and flora, including on local and migrating birds, marine mammals, benthos and invertebrates were considered acceptable.

    A concession for the development of the entire wind farm was granted by the government, 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 therefore does not have to follow the provisions of the Utilities Directive. The project will be delivered on a multi-contract basis, which is a common approach for offshore wind farms.

    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) - NOBELWIND OFFSHORE WIND - Bligh Bank
    Publication Date
    7 Mar 2016
    Document language
    Main Topic
    Lending
    Document Number
    62683612
    Document Focus
    Environmental Information
    Project Number
    20140251
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - NOBELWIND OFFSHORE WIND
    Publication Date
    30 Oct 2015
    Document language
    Main Topic
    Lending
    Document Number
    62770449
    Document Focus
    Environmental Information
    Project Number
    20140251
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links

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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.
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