Release date: 13 October 2014
Promoter – Financial Intermediary
STADTWERKE MUENCHEN GMBHLocation
Description
Construction and operation of a 288 MW offshore wind farm located approx. 90 km west of the island of Sylt in the German sector of the North Sea.
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
By virtue of its technical characteristics the project falls under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU). According to national law the project is subject to a mandatory EIA, which was undertaken. Following rounds of public consultation and expert advice, the competent authority has approved the EIA and granted a general, conditional construction and operating permit. With adequate precautionary measures, the impacts on fauna and flora, including on local and migrating birds, marine mammals, benthos and invertebrates are considered to be acceptable.
Procurement
The promoter and its joint venture partner are both subject to public procurement procedures according to the relevant EU directives. The promoter’s joint venture partner has published contract notices for the various supplies and services in the EU Official Journal.
Status
Signed - 22/12/2014
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).