Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 107,978,453.52
Countries
Sector(s)
Spain : € 107,978,453.52
Energy : € 107,978,453.52
Signature date(s)
14/10/2020 : € 45,678,453.52
16/06/2020 : € 62,300,000
Link to source
Data sheet

Summary sheet

Release date
18 September 2019
Status
Reference
Signed | 16/06/2020
20190237
Project name
Promoter - financial intermediary
ZERO-E SOLAR PV
COBRA GESTION DE INFRAESTRUCTURAS SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 108 million
EUR 577 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project concerns the construction and operation of 18 solar photovoltaic (PV) plants with a total capacity of c. 900 MWp located the Spanish regions of Aragon and Castilla La Mancha. The plants were awarded with a specific regulation as a result of a competitive auction for renewable energy projects held in Spain in July 2017 .

The implementation of PV projects is in line with EU and national objectives and contributes to EIB's renewable energy and energy efficiency objectives. In addition, they contribute to cohesion policy as some of the project schemes are located in the Spanish region of Castilla-La Mancha, considered a convergence region.

Environmental aspects
Procurement

All the project components (PV plants, grid connection infrastructure) fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EC. All the EIAs have been completed and submitted to the competent regional environmental authorities, and the environmental permits issued. The EIB will assess the compliance of the authorisation procedure with the relevant EU directives and other 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 2014/25/EU or 2004/17/EC), then the EIB would require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation as interpreted by the Court of Justice of the EU, 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

Environmental and Social Data Sheet (ESDS) - ZERO-E SOLAR PV
Publication Date
24 Dec 2019
Document language
Main Topic
Lending
Document Number
123993783
Document Focus
Environmental Information
Project Number
20190237
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - ZERO-E SOLAR PV
Publication Date
24 Dec 2021
Document language
Main Topic
Lending
Document Number
148393068
Document Focus
Environmental Information
Project Number
20190237
Sector(s)
Regions
Countries
Publicly available
Download now
Other links
Summary sheet
Data sheet

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.

Related publications