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Signature(s)

Amount
€ 41,931,438
Countries
Sector(s)
Austria : € 41,931,438
Energy : € 41,931,438
Signature date(s)
21/10/2025 : € 41,931,438

Summary sheet

Release date
3 November 2025
Status
Reference
Signed | 21/10/2025
20250324
Project name
Promoter - financial intermediary
ST ANDRA SOLAR PV PARK & BATTERY STORAGE
PUSPOK ERNEUERBARE ENERGIE GMBH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 57 million
EUR 90 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Implementation and operation of a ground-based agri-photovoltaic installation and five battery energy storage systems in Burgenland, Austria.

The aim of the project is to primarily reduce carbon and air pollution emissions, which are externalities the market fails to address. Moreover, the project will foster the integration of new, variable renewable generation technologies in the market and support security of supply. Hence, the project will fill a market gap in developing new renewable capacity, including the financing gap for projects trying to develop new capacity with more market-exposed structures and instruments.

Environmental aspects
Procurement

The project will generate environmental benefits by deploying a ground based solar photovoltaic (PV) plant that helps mitigate climate change. The PV plant, due to its technical characteristics, falls under Annex II of the EIA Directive 2011/92/EU, as amended by the Directive 2014/52/EU, requiring the competent authority to determine whether an environmental impact assessment (EIA) is required. The battery energy storage units do not fall under either Annex of the EIA Directive. The PV plant and the battery storage units have not been subject to an EIA.

The European Commission has exempted all contracts which are being awarded to implement electricity generation projects in Austria from the scope of the Utilities Directive. No public procurement is required.

Milestone
Under appraisal
Approved
Signed
26 August 2025
21 October 2025
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).

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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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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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