Release date: 29 May 2020
Promoter – Financial Intermediary
PLT ENERGIA SRLLocation
Description
The project will finance the construction and operation of four small to medium-sized onshore wind farms (total nominal capacity 112 MW), geographically dispersed in South-eastern regions of Italy.
Objectives
The aim is to generate electricity from renewable energy sources, in line with the EU and national targets for the production of clean energy and the reduction of greenhouse gases. The project will foster the integration of mature variable renewable generation technologies in the market. This will happen partly through a market-competitive auction system and partly, and more importantly, through subsidy-free, market-based instruments. Such instruments, for example power purchase agreements, traditionally used by thermal plants, are increasingly adapted to the specificities of wind and solar farms. aThe project is also located in EU Cohesion priority regions.
Comments
n/a
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 76 million
Total cost (Approximate amount)
EUR 125 million
Environmental aspects
Windfarms falls under Annex II of Directive 2011/92/EU (as amended by Directive 2014/52/EU). National legislation requires for projects harvesting renewable energy sources for electricity production to review compliance with national legislation on environmental matters ("Autorizzazione Unica" - AU). An Environmental Impact Assessment (EIA) is hence a sub-procedure of this AU. EIAs were undertaken for all wind farms, and the competent authorities have granted approval.
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 applies. Equipment and works will be purchased through EPC contracts for each SPV, which will include the supply and installation of turbines, the works for infrastructure and electrical (Balance of Plant), etc.
Status
Signed - 17/11/2021
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).