Release date: 7 September 2010
Promoter – Financial Intermediary
Greater Gabbard Offshore Winds Limited, a joint venture between RWE and SSE.
Location
Description
The project concerns the implementation and operation of a 504 MW offshore wind farm. The project is located between 23 km and 45 km off the coast of Suffolk and will consist of 140 3.6 MW wind turbines.
Objectives
The project aims at enabling the UK to achieve its ambitious target of energy consumption based on renewable energy sources in 2020.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 500 million.
Total cost (Approximate amount)
GBP 1 387.50 million.
Environmental aspects
The project falls under Annex II of Directive 85/337/EEC (as amended by 97/11/EC) on Environmental Impact Assessment (EIA). In this case, a full EIA was carried out for both the offshore and the onshore works. Planning consent for both onshore and offshore works was granted in early 2007.
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. The promoter however has suitable procurement and purchasing procedures in place, which allow an appropriate selection of works, goods and services offered at competitive prices. The project will be delivered on a multi-contract basis, which is a common approach for offshore wind farms. The selected suppliers are reputable companies with substantial offshore experience.
Status
Signed - 20/09/2013
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).