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    Reference: 20150314
    Release date: 2 July 2015

    Promoter – Financial Intermediary




    An offshore windfarm of around 600 MW, located about 14 km from the Caithness coast near Wick, Scotland


    The project aims to enable the UK to achieve its ambitious target of energy consumption based on renewable energy sources in 2020.



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

    Proposed EIB finance (Approximate amount)

    GBP 525 million (EUR 714 million)

    Total cost (Approximate amount)

    GBP 1951 million (EUR 2655 million)

    Environmental aspects

    By virtue of its technical characteristics the project is classified as an Annex II project according to Directive 2011/92/EU on environmental impact assessment (EIA). Thus, the project is subject to an EIA based on a case-by-case decision or defined criteria set by the competent authorities. In this case, two separate EIAs were carried out for the offshore and the onshore works, and planning consent was granted in 2014 and 2013, for the offshore and onshore works respectively. The Bank will review the project's authorisation process during appraisal and verify compliance with relevant directives of the EU.


    Directive 2004/17/EC does not apply to contracts awarded by contracting entities intended to enable them to carry out electricity supply in England, Scotland and Wales (Decision 2007/141/EC). The project is therefore considered to be exempt from public procurement requirements.


    Signed - 20/05/2016


    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

    United Kingdom Energy