Reference: 20090748
Release date: 24 October 2011

Promoter – Financial Intermediary

BORD GAIS EIREANN

Location

Description

The project is an investment programme of seven onshore wind farms with an expected total capacity of 213.9 MW to be installed in Ireland between 2011 and 2013.

Objectives

The project is an investment programme of several wind farms with an expected total capacity of 213.9 MW to be installed in Ireland between 2011 and 2013.

As part of its strategy to expand its business into renewable energy, BGE has embarked on an ambitious wind farm development programme, via (notably) the buy-out of the wind pipeline from another private energy project developer, and its own development.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 245 million

Total cost (Approximate amount)

EUR 512 million

Environmental aspects

All the wind farms in the programme have been screened in by the relevant national authority and have undergone EIA processes, obtaining the relevant approvals (with conditions). Confirmation by the competent authorities that the project will have no significant negative impact on nearby sites of nature conservation shall be obtained.

Procurement

The promoter is a State-owned company and therefore is subject to EU public procurement directives for the purchase of the project works. According to the information provided so far, the promoter complies with the requirements of the above mentioned Directive including publication of tenders in the Official Journal of the European Union.

Status

Signed - 28/11/2012

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Ireland Energy