PUYLOBO ALLOCATION GREEN ENERGY FL 2019-0811

Promoter – Financial Intermediary

IBERDROLA SA

Location

• Spain

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