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    Reference: 20170180
    Release date: 8 September 2017

    Promoter – Financial Intermediary

    X-ELIO ENERGY S.L.

    Location

    Description

    The project comprises the construction and operation of a 386 MWp solar photovoltaic (PV) plant, located in Murcia, South-Eastern Spain.

    Objectives

    Implementation of renewable energy plants in a less-developed region.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 185 million

    Total cost (Approximate amount)

    EUR 281 million

    Environmental aspects

    The project is included in the Annex I of the Environmental Impact Assessment (EIA) Directive, because of the presence of a 38 km long 400 kV aerial power line, for the interconnection to the grid. The promoter decided to apply for the environmental permitting in two stages, so that after the mandatory EIA processes it obtained the consent for the PV modules field in 2015, but it is still pending for the interconnection line. All required lands (1 100 ha) have been leased, but expropriation might be required for the power line right of way. Adequate assessment on both aspects, including compliance with relevant EU directives, will be performed at appraisal.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directives 2014/23/EU, 2014/24/EU and/or 2014/25/EU, where applicable, as well as Directives 92/13/EEC (amended 2007/66/EU) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Approved - 17/07/2018

    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

    Spain Energy