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    Reference: 20180853
    Release date: 20 July 2020

    Promoter – Financial Intermediary

    WINDKRAFT SIMONSFELD AG

    Location

    Description

    The project comprises the implementation and operation of three wind farms in Lower Austria, totalling up to 80 MW.

    Objectives

    The development of wind energy supports EU and national targets for renewable energy generation and contributes to the Bank's renewable energy objectives. The project further contributes to the Bank's priority objectives for climate action.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 78 million

    Total cost (Approximate amount)

    EUR 104 million

    Environmental aspects

    The authorisation of all three wind farms was subject to an environmental impact assessment (EIA) process. Permit amendment processes are ongoing at the time of appraisal. Some turbines are located close to sites of nature conservation and also close to other wind farms.

    Procurement

    The European Commission 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 - 25/06/2020

    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