OFFSHORE HVDC TRANSMISSION PROJECT

Promoter – Financial Intermediary

TENNET TSO GMBH

Location

• Germany

Description

Construct and maintain three separate offshore grid connections (HelWin1, SylWin1 and DolWin1) to the German Electricity Grid.

Objectives

By developing offshore grid connections and linking wind farms to the German Electricity Grid, it helps the country to shift away from nuclear power generation. Moreover by supporting the integration of over 2.2 GW of offshore wind generation into the grid, the project will significantly contribute to reduce CO2 emissions.

Comments

The project cost is not disclosed as it is commercially confidential.

Sector(s)

• Energy

Proposed EIB finance (Approximate amount)

EUR 500 million

Total cost (Approximate amount)

Not disclosed.

Environmental aspects

Underground/undersea cables and converter stations, both onshore and offshore, by virtue of their technical characteristics are neither listed under Annex I nor Annex II of the EIA Directive. Given the size of the links, however, the competent authorities requested detailed environmental studies including public consultation. Appropriate Assessments of impacts on biodiversity (Habitat and Birds Directive) have been carried out during all authorisation processes with close consultation of relevant National Park authorities. Details will be assessed during appraisal to verify compliance with the Bank’s environmental policy.

Procurement

The Bank will require the Promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 9/12/2013