Release date: 15 December 2010
Promoter – Financial Intermediary
First Solar GmbH
Location
Description
The project concerns an extension of the promoter’s existing modules manufacturing plant at Frankfurt/Oder (Brandenburg) by four additional production lines, thereby doubling the existing production capacity and bringing it to 446 MWp.
Objectives
The project contributes to bringing the cost of PV down and to the development of renewable energies in the EU and indirectly to the EU’s policy objectives on climate change and renewable energy. Moreover, the project will be carried out in a convergence region stricto sensu.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 130 million
Total cost (Approximate amount)
EUR 173 million
Environmental aspects
Production of solar modules is not listed in EIA directive 97/11 and the project will be carried out in the already authorized existing industrial areas. Given the characteristics of the project, it is unlikely that the competent authority requires an EIA. However, the environmental related issues will be assessed during the appraisal.
Procurement
The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement.
Status
Signed - 21/12/2011
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).