Release date: 7 September 2010
Promoter – Financial Intermediary
ENEOP2 - Exploração de Parques Eólicos S.A.
Location
Description
The project concerns the construction and operation of 14 wind farms in Portugal with a total capacity of 354 MW.
Objectives
The development of renewable energy resources.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 260 million.
Total cost (Approximate amount)
Around EUR 520 million.
Environmental aspects
The project falls under Annex II of Directive 85/337/EC, as amended by Directives 97/11/EC and 2003/35/EC. Thus, the project sub-schemes are subject to an EIA based on a case-by-case decision or defined criteria set by the competent authorities. The Bank will review the EIAs, permits and environmental management processes 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. The Bank will however verify during appraisal that suitable procurement procedures are being applied by the promoter.
Status
Signed - 20/12/2011
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).