Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20200289
    Release date: 17 November 2020

    Promoter – Financial Intermediary

    GREEN CAPITAL POWER SL

    Location

    Description

    Construction and operation of a portfolio of seven onshore wind farms located in Spain, with a total capacity of approximately 295MW.

    Objectives

    The implementation of onshore wind farms is in line with EU and national objectives and contributes to the Bank's renewable energy and energy efficiency objectives. In addition, some of the project schemes are located in the Spanish regions of Andalusia and Castilla-La Mancha, considered convergence regions under the current cohesion policy criteria.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 148 million

    Total cost (Approximate amount)

    EUR 296 million

    Environmental aspects

    The plants fall in the Annex II of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU, and because of their technical features, have been screened in by the competent authority. Similarly, some associated interconnection facilities directly fall under Annex I of the abovementioned directive, requiring environmental impact assessment (EIA) processes to be performed. The Promoter commenced the EIA processes for all the plants and interconnection infrastructure. Some of them already have been granted the licenses, and for the rest, they are still pending. The authorisation procedure and compliance with the relevant directives will be further appraised in detail; this concerns, in particular, the potential need for a cumulative impacts assessment and the impacts on protected flora and fauna, including Natura 2000 sites. Finally, in case the Promoter intends to use expropriation for certain pieces of land, the process will be assessed at appraisal.

    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 after the project appraisal, the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation: Directive 2014/23/EU / 2014/24/EU or 2014/25/EU, then the Bank would require that the Promoter ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Under appraisal - 4/11/2020

    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

    Spain Energy