Reference: 20180827
Release date: 7 October 2019

Promoter – Financial Intermediary

PK WINDPARK MANAGEMENT GMBH

Location

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 121 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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Austria Energy