Release date: 9 February 2010
Promoter – Financial Intermediary
Statoil ASAStatkraft AS
Location
Description
The project involves studies, design, construction and operation of a large-size offshore wind farm (317 MW) to be implemented within the North Sea 12-nautical miles zone of Great Britain. The project site is situated in North Norfolk, about 17 km to 20 km off the coastline north of Sheringham and Cromer. The entire wind farm will cover an area of ~35 km2.
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 320 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. 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 promoters are 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 - 16/12/2011
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).