Release date: 29 June 2009
Promoter – Financial Intermediary
Scottish and Southern Energy Plc
Location
Description
The Project concerns the construction, commissioning and operation of six onshore wind farms with installed capacity amounting to nearly 650 MW. The six project schemes are in various phases of construction and their combined energy output may make up to around 1.5 GWh energy annually.
Objectives
The development of wind energy capacity will support EU and national targets for renewable energy generation and contribute to environmental and security of energy supply objectives. Electricity generation from onshore wind farms can produce electricity with substantially lower environmental impacts, particularly GHG emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 400 million.
Total cost (Approximate amount)
GBP 925 million.
Environmental aspects
The project sub-schemes would fall under Annex II of Directive 85/337/EEC, as amended by Directives 97/11/EC and 2003/35/EC. Thus, the project schemes are subject to an EIA based on a case-by-case decision or defined criteria set by the competent authorities. Permits have been granted for all project schemes and EIAs have been undertaken where required by the competent authority. The Bank will review the EIAs in detail during appraisal, including mitigating/compensation measures to be taken and any effects on nature conservation sites (Habitats Directive 92/43/EEC and Natura 2000).
Procurement
The Promoter is not subject to EU Procurement Directives. In line with its principles and its statute the Bank will however ensure that suitable procurement procedures, including an appropriate selection of works, goods and services offered at competitive prices will be applied by the promoter and/or the special purpose companies.
Status
Signed - 29/03/2010
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).