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    Reference: 20190833
    Release date: 25 October 2021

    Promoter – Financial Intermediary

    GALP ENERGIA SGPS SA

    Location

    Description

    Construction and operation of four photovoltaic power generation plants in Portugal with an installed capacity of 144 MWp.

    Objectives

    The operation will contribute to EU climate and energy objectives. In particular, it supports the EU-wide target of reaching 32% of energy from renewable sources in gross final energy consumption by 2030, as set out in the RE Directive (EU 2018/2001). It also contributes to the national renewable energy targets as laid out in Portugal's National Energy and Climate Plan (NECP). The financing of this project is in line with the Bank's priority energy lending related to renewable energy and climate action. In addition, the investments will be located in a cohesion region.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 80 million

    Environmental aspects

    The plants and the interconnection infrastructure falls within Annex II of the EIA directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU). The plants will connect to a new common substation 30/150kV through 30kv overhead lines. From there, the energy of the four plants will be evacuated through a common 150kv overhead line of ca. 17kms to reach an existing substation where a new position will be installed. According to the Promoter's information, the plants have been screened out by the competent authority, while the transmission line was screened in for an environmental impact assessment (EIA) process. The Promoter prepared an EIA study for the transmission line and the substation, and the environmental consent was issued in February 2020 (Declaracaode Impacto Ambiental). The plants and transmission line are located 3 to 6kms from their closest Natura 2000 sites (SCI and SPA Caldeirão, SCI Guadiana and SPA Vale do Guadiana).

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Status

    Signed - 21/10/2021

    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

    Portugal Energy