ICICLE WIND FARM

Promoter – Financial Intermediary

EDP RENOVAVEIS SA

Location

• Portugal

Description

The project concerns the construction and operation of 2 new, medium sized wind farms located in the north and the west of Portugal with a total capacity of 125 MW.

Objectives

The project will support EU and national targets for renewable energy generation, and contributes to the security of energy supply and environmental objectives. It will also further contribute the EIB's lending priority policy on social cohesion, renewable energy and climate action.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 65 million

Total cost (Approximate amount)

EUR 127 million

Environmental aspects

Windfarms fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU) according to which the EU Member States has to determine whether a project is subject to an assessment based on defined criteria. According to national legislation, windfarms exceeding certain criteria are subject to a mandatory EIA. This was the case for both windfarms. The environmental studies for the EIA process were undertaken and the competent authorities have granted approval containing requirements to mitigate environmental impacts accordingly. Residual impacts were classified of limited significance.

Procurement

The project will be operating without exclusive or special rights within the meaning of the EU Utilities Directive 2004/17/EC c.q. 2014/25/EU hence private sector procurement procedures applied. Equipment and works were purchased through multi contracts – such as one for supply and installation of turbines, others for infrastructure works (Balance of Plant), electrical works, etc.

Status

Signed - 23/12/2020