Release date: 15 April 2009
Promoter – Financial Intermediary
Vestas Wind Systems A/SLocation
Description
The project includes selected activities of the promoter’s research and development programme aimed at developing new generations of wind turbines, with higher efficiency and reliability. RDI activities will be mainly carried out in the promoter’s European R&D centre in Aarhus, Denmark. The project will be implemented in the period 2009-2011.
Objectives
The project should strengthen the market position of one of the EU-based market leaders, operating in the competitive global market for manufacturing, installation and maintenance of wind turbines.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 million.
Total cost (Approximate amount)
EUR 600 million.
Environmental aspects
The project is expected to have no significant environmental impact.
Procurement
Procurement is in line with EIB guidelines for the private sector projects.
Status
Signed - 23/12/2009
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).