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    Reference: 20150567
    Release date: 8 February 2016

    Promoter – Financial Intermediary

    MIROVA

    Location

    Description

    Co-investment in an onshore wind farm with a capacity of 23.1 MW.

    Objectives

    The project concerns a ready-to-build onshore wind farm in Sweden. The project will contribute to meeting the EU and Swedish targets for energy generated from renewable energy sources.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    EUR 27 million

    Environmental aspects

    A comprehensive Environmental Impact Assessment (EIA) has been conducted and the fund manager will be required to obtain the non-technical summary of it, and, where relevant, written confirmation from the competent authority that the investment will not have any significant negative impact on sites of nature conservation. The project will generate positive environmental impacts, notably by reducing Greenhouse Gas emissions. The potential negative environmental impacts of the project are mainly limited to the construction phase. Related conditions are included in the environmental permit and the construction planning takes these conditions into account.

    Procurement

    The fund's investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant directives. In this case, the promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

    Status

    Signed - 25/02/2016

    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

    Sweden Energy