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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Spain : € 60,000,000
    Energy : € 60,000,000
    Signature date(s)
    26/10/2018 : € 10,000,000
    25/07/2018 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    13 December 2017
    Status
    Reference
    Signed | 25/07/2018
    20170647
    Project name
    Promoter - financial intermediary
    CURTIS BIOMASS POWER GENERATION PLANT
    GREENALIA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 60 million
    EUR 130 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project concerns the construction of a 50 MWe electricity only biomass plant in Galicia, Spain. The plant will use 100% forestry residues in wood chip form, which will be sourced from the region in a 100 km radius around the plant.

    The generation of electricity using renewable sources supports the EU objective of climate change mitigation. By ensuring demand for forest wood residues, the project will provide potential mitigation against incidences of forest fires in the region of influence, and will contribute to the sustainability of its forestry and overall economic activity.

    Environmental aspects
    Procurement

    The project falls under Annex II of the EIA Directive 2011/92/EC, leaving it to the competent national authority to determine the need for an Environmental Impact Assessment (EIA). The project has undergone an EIA which has been completed and has been submitted to the competent authorities. The promoter is expecting environmental permit to be issued before the end of 2017. The Bank will assess environmental aspects of the project during appraisal.

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation referenced above as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the European Union, as and where required.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - CURTIS BIOMASS POWER GENERATION PLANT
    Publication Date
    30 May 2018
    Document language
    Main Topic
    Lending
    Document Number
    82180853
    Document Focus
    Environmental Information
    Project Number
    20170647
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - CURTIS BIOMASS POWER GENERATION PLANT - NTS of the Application for the Integrated Permit.
    Publication Date
    21 Mar 2018
    Document language
    Main Topic
    Lending
    Document Number
    83008888
    Document Focus
    Environmental Information
    Project Number
    20170647
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - CURTIS BIOMASS POWER GENERATION PLANT - Application for the Integrated Permit
    Publication Date
    22 Jul 2019
    Document language
    Main Topic
    Lending
    Document Number
    95460396
    Document Focus
    Environmental Information
    Project Number
    20170647
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - CURTIS BIOMASS POWER GENERATION PLANT
    Publication Date
    18 May 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    83433467
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170647
    Last update
    18 May 2018
    Sector(s)
    Energy
    Countries
    Spain
    Publicly available
    Download now

    News & Stories

    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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    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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