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    Reference: 20180290
    Release date: 15 January 2019

    Promoter – Financial Intermediary

    EDP RENOVAVEIS SA

    Location

    Description

    The project concerns the construction and operation of three wind farms located in Portugal with a total capacity of 96 MW.

    Objectives

    The project 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 the EIB's lending priority policy on social cohesion, renewable energy and climate action.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 47 million

    Total cost (Approximate amount)

    EUR 96 million

    Environmental aspects

    Windfarms falls under Annex II of Directive 2011/92/EU (as amended by Directive 2014/52/EU) according to which the Member States shall determine whether the project shall be made subject to an assessment based on defined criteria. According to national legislation, windfarms exceeding certain criteria are subject to a mandatory Environmental Impact Assessment (EIA). This was the case for two of the three windfarms. The environmental studies for the EIA process were undertaken and the competent authorities have granted approval containing requirements to mitigate environmental impacts accordingly. Residual impacts were classified of small magnitude and low significance.

    Procurement

    The project will be operating without exclusive or special rights within the meaning of the EU Utilities Directive 2004/17/EC c.q. 2014/25/EU hence private sector procurement procedures applied. Equipment and works were purchased through multi contracts such as one for supply and installation of turbines, others for infrastructure works (Balance of Plant), electrical works etc.

    Status

    Signed - 27/11/2019

    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

    Portugal Energy