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    Reference: 20070206
    Release date: 2 February 2010

    Promoter – Financial Intermediary

    Vattenfall AB

    Location

    Description

    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.

    Objectives

    It aims at enabling the UK to achieve its ambitious target of electricity consumption based on renewable energy sources in 2020.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    GBP 450 million

    Total cost (Approximate amount)

    GBP 900 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 9/11/2011

    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

    United Kingdom Energy