Release date: 10 July 2009
Promoter – Financial Intermediary
London Array is sponsored by E.ON, DONG Energy and Masdar
Location
Description
The project is the 1st phase of an envisaged 1,000 MW offshore wind farm off the UK coast. Phase 1 will consist of 175 turbines and have a capacity of 630 MW.
Objectives
The project aims at helping 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 1 000 million.
Total cost (Approximate amount)
Indicatively estimated by the Bank at around GBP 2 200 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. A comprehensive EIA was conducted including a detailed biodiversity assessment. Planning 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 - 8/06/2010
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).