Release date: 24 October 2011
Promoter – Financial Intermediary
BORD GAIS EIREANN
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.
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.
Proposed EIB finance (Approximate amount)
EUR 245 million
Total cost (Approximate amount)
EUR 512 million
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.
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.
Signed - 28/11/2012
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).