Release date: 7 October 2019
Promoter – Financial Intermediary
PK WINDPARK MANAGEMENT GMBHLocation
Description
The project concerns the construction and operation of two wind farms in Burgenland totalling 165MW of installed capacity. The project replaces partially the old wind turbines and extends partially existing wind farms.
Objectives
The development of wind energy supports EU and national targets for renewable energy generation and contributes to the EIB's renewable energy objectives. The project further contributes to the EIB's priority objectives for climate action.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 107 million
Total cost (Approximate amount)
EUR 143 million
Environmental aspects
The project is a repowering project and replaces old turbines. It is located close to sites of nature conservation and also close to other wind farms. A permit amendment process is ongoing, based upon a full Environmental Impact Assessment (EIA), that covers both wind farms.
Procurement
The EC has exempted all contracts which are being awarded to implement electricity generation projects in Austria from the scope of the Utilities Directive. No public procurement is required.
Status
Signed - 2/07/2020
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).