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    Reference: 20130640
    Release date: 3 October 2014

    Promoter – Financial Intermediary

    The promoter is an independent, renewable energy company based in Germany, developing and operating wind farms in various countries in Western, Central and Eastern Europe as well as in Asia.

    Location

    Description

    Construction of a 111MW offshore wind farm in coastal waters of the North Sea in Germany.

    Objectives

    The development of offshore wind energy supports EU and national targets for renewable energy generation and contributes to security of energy supply and environmental objectives.

    Comments

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 156 million

    Total cost (Approximate amount)

    EUR 393 million

    Environmental aspects

    The project is located in coastal waters, adjacent to several areas ofi mportance for nature conservation, in an area that had been identified for wind farm development in the applicable spatial development plan. The project falls under Annex II of the Environmental Impact Assessment (EIA) Directive and has been screened-in by the competent authority (BSH). The authorisation process is based on a full EIA and on an Appropriate Assessment. Relevant authorities and stakeholders were consulted. The competent authority concluded that the project will have local impacts, in particular on birds and on landscape (visual impacts), but that these impacts are not deemed to be significant after appropriate mitigation measures have been put in place. The competent authority granted its permit in two steps in 2007 and 2008, respectively. The permit is conditional on the implementation of mitigation measures and compensating payments according to German law. Subsequently, the promoter objected to certain consent conditions and two NGOs objected to the permit as a whole. In 2011 a settlement was concluded between the competent authority, the promoter and the two NGOs. The settlement states that the permit remains in place but it is supplemented by further compulsory bird monitoring and nature conservation measures.

    Procurement

    The promoter is a private company not benefiting from special or exclusive rights and not having status of contracting authority. Thus, it is not covered by the EU directives on procurement. In line with its principles and its statute, the Bank will verify that suitable procurement procedures, including an appropriate selection of works, goods and services offered at competitive prices are applied.

    Status

    Signed - 2/06/2015

    Disclaimer

    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).

    Related tags

    Germany Energy