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    Reference: 20200375
    Release date: 9 July 2020

    Promoter – Financial Intermediary

    IBERDROLA SA

    Location

    Description

    The project, financing the Puylobo onshore wind farm (48.5 MW) in the Spanish region of Aragon, consists of an allocation under the framework loan (FL) 2019-0811 IBERDROLA SPAIN GREEN ENERGY FRAMEWORK LOAN.

    Objectives

    The operation will be key to increase electricity generation from renewable energy sources in Spain, in line with climate targets adopted for 2020, 2030 and 2050.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 29 million

    Total cost (Approximate amount)

    EUR 57 million

    Environmental aspects

    The project is included in Annex I of the Environmental Impact Assessment (EIA) Directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU), requiring full EIA, including public consultation. The project received its environmental permit in April 2019, for both the plant and the transmission line with no reported complaints.

    Procurement

    The promoter has been assessed by the EIB as being a private company not being 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 / 2014/25/EU, where applicable, then the Bank would require the promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/23/EU 2014/24/EU / 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC, 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

    Approved - 2/09/2020

    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