Release date: 2 February 2010
Promoter – Financial IntermediaryVattenfall AB
The project involves studies, design, construction and operation of a large-size offshore wind farm (300 MW) to be implemented within the North Sea 12-sm zone of Great Britain.
It aims at enabling the UK to achieve its ambitious target of electricity consumption based on renewable energy sources in 2020.
Proposed EIB finance (Approximate amount)
GBP 450 million
Total cost (Approximate amount)
GBP 900 million
By virtue of its technical characteristics the project is classified as an Annex II-project according to the EIA-Directive 85/337/EEC, as amended. National legislation requires a full EIA including public consultation for offshore wind farms. A comprehensive EIA was conducted including a detailed biodiversity assessment, covering marine and terrestrial habitat, mammals, birds, fish and benthic fauna. The approval was granted by the competent authority following extensive public consultation.
The promoter is not subject to EU procurement directives (Utilities Directive 2004/17) for the purchase of the project’s equipment as the concession to build an offshore wind farm was granted following a competitive tender (Round 2) launched by the UK government.
Signed - 9/11/2011
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).