Summary sheet
Release date
5 March 2025
Status
Reference
Approved | 24/06/2025
20240814
Project name
Promoter - financial intermediary
SUNRISE SOLAR PV
FINERGE SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 115 million
EUR 154 million
Description
Objectives
The project will finance the construction of four solar photovoltaic (PV) plants in Portugal, with a total capacity of 258 MWp, that will be hybridised with existing wind farms of the same promoter.
The aim is to contribute towards the national and EU energy and climate goals, namely helping to decarbonise the electricity production and decrease the reliance on fossil fuels. The PV plants will be implemented in areas classified as EIB Cohesion Priority Regions, thus supporting regional development.
Environmental aspects
Procurement
Due to their technical characteristics, the solar PV plants fall under the Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending the EIA Directive 2011/92/EU), therefore leaving it to the competent authority to determine whether an EIA is required, according to Annex III of the above mentioned Directive. Each PV plant has been subject to its own EIA process under the transposed legislation.
The promoter is a private company and the schemes envisaged for this operation are market-based renewable energy projects, which do not enjoy any special or exclusive rights. Therefore, private sector procurement procedures should apply.
Milestone
Approved
24 June 2025
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