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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 information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Portugal Energy