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    Reference: 20190609
    Release date: 29 November 2019

    Promoter – Financial Intermediary

    KONINKRIJK DER NEDERLANDEN

    Location

    Description

    The project will finance the construction of an offshore wind farm with capacity of approximately 700 MW, located 18.5km off the Dutch North coast, in the "Hollandse Kust Noord" wind farm zone.

    Objectives

    The development of offshore wind energy will support EU and national targets for renewable energy generation, and contributes to security of energy supply and environmental objectives. The project will further contribute to the EIB energy-sector lending related to the transversal objective of financing renewable energy sources and climate action.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1399 million

    Environmental aspects

    Offshore wind farms fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU, amended by Directive 2014/52/EU), leaving the decision whether an EIA is needed or not to the national competent authority. In the present case, a full Environmental Impact Assessment was commissioned by the Ministry of Economic Affairs and Climate Policy. Details of the authorisation process and its compliance with the relevant EU directives, as applicable, will be assessed during appraisal.

    Procurement

    The project sponsor will be selected upon a public tender process in line with Directives 2014/23/EU, and is not expected to enjoy special and exclusive rights. The bank will verify at appraisal whether the sponsor is subject to EU rules on public procurement.

    Status

    Approved - 16/03/2020

    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

    The Netherlands Energy