Release date: 29 September 2011
Promoter – Financial Intermediary
AS Eesti Energia
Location
Description
The project consists of development, construction and operation of two windfarms in Estonia.
Objectives
The two wind farms will have a combined total capacity of about 62 MW. One wind farm will be constructed on the ash field adjacent to the thermal power plant at Narva and the other one on the Paldiski peninsula.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
Approximately EUR 100 million
Environmental aspects
Both wind farms fall under Annex II of the EIA Directive. The projects have been screened by the responsible authority and thus undergone the EIA process.
Procurement
Since the promoter is public undertaking it will follow the EU Procurement Directive 2004/17/EC to procure the equipment and construction works according to the public procurement principles established in the EIB guide to procurement.
Status
Signed - 8/12/2011
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).