Release date: 22 July 2008
Promoter – Financial Intermediary
Energia y Recursos Ambientales & Grupo InverdueroLocation
Description
A wind power project of 242 MW plant capacity composed of eight wind farms in the Spanish regions Andalucía and Castilla La Mancha.
Objectives
The development of renewable energy sources is a priority of the EU. The EU Council adopted a binding target of 20% share of renewable energies in overall EU energy consumption by 2020 and the project contributes to this objective. The development of renewable energy contributes to several key objectives of the EU: security of supply, environment, particularly fight against climate change and international competitiveness (to put EU industry at the forefront of the rapidly growing low-carbon technology sector). Additionally, the investments included in the operation are located in a Convergence region.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 190 million.
Total cost (Approximate amount)
Estimated to be around EUR 380 million.
Environmental aspects
The project’s compliance with all applicable national and EU environmental legislation will be verified during appraisal.
Procurement
Procurement in line with EIB guidelines for private sector projects.
Status
Signed - 20/05/2009
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).