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    Reference: 20170897
    Release date: 19 April 2018

    Promoter – Financial Intermediary

    PARKWIND

    Location

    Description

    The project consists of the construction, financing and operation of a 218.5 MW offshore wind farm located 46 km from the Belgium coast.

    Objectives

    The development of offshore wind energy will support EU and national targets for renewable energy generation, and contributes to the security of energy supply and environmental objectives. The project will further contribute to the Bank's transversal priority objectives for energy-sector lending related to renewable energy sources and climate action.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 210 million

    Total cost (Approximate amount)

    EUR 590 million

    Environmental aspects

    The project is fully consented following an environmental impact assessment process including an appropriate assessment by the competent authority. With suitable mitigation measures in place, the project has no significant negative impact on the integrity of any nature conservation site.

    Procurement

    The bank will verify at the appraisal whether the promoter is subject to EU procurement legislation (Directive 2014/25/EU) on public procurement.

    Status

    Signed - 5/10/2018

    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

    Belgium Energy