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    Reference: 20070087
    Release date: 12 September 2011

    Promoter – Financial Intermediary

    wpd offshore GmbH

    Location

    Description

    The envisaged operation consists of the installation and operation of a 288 MW offshore windfarm, using eighty 3.6 MW turbines on monopole foundations. The wind farm concession will occupy an area of approximately 33km², with a water depth between 17 and 23 meters. Butendiek is located in the German part of the North Sea, close to the border with Denmark, at 34km for the Island of Sylt and 53km from shore.

    Objectives

    The project aims at assisting Germany to meet EU and national targets for energy generated from renewable energy sources.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 450 million

    Total cost (Approximate amount)

    EUR 1 290 million (estimated)

    Environmental aspects

    Due to its technical characteristics the project falls under Annex II of EIA-Directive 85/337/EEC (amended by 97/11/EC and 2003/35/EC). For offshore wind farms with more than 20 units, national regulations require a full EIA including public consultation.

    Procurement

    The promoter - a privately owned company not benefiting from special or exclusive rights - is not subject to the EU Utilities Directive The Bank will however ensure that the procurement procedures comply with the Bank’s principles and its statute, i.e. works, goods and services will be appropriately selected and are offered at competitive prices.

    Status

    Signed - 7/02/2013

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Germany Energy