Release date: 17 June 2021
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUNDLocation
Description
The project consists of the construction and operation of onshore wind farms in Austria.
Objectives
The operation contributes to the national renewable energy targets as set out in the final National Climate and Energy Plan, published in December 2019. Austria aims to provide 100% of electricity consumption from renewable energy sources by 2030. The financing of this project also contributes to Bank's lending priority objectives on energy (Renewable Energy) as well as on climate action (transversal).
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The environmental and social risks associated with such exposed locations can be higher than for other onshore wind farms.
Procurement
The EC has exempted all contracts, which are being awarded to implement electricity generation projects in Austria from the scope of the Utilities Directive 2004/17/EC (EC decision 2008/585/EG). No public procurement is therefore required.
Status
Approved - 22/07/2021
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).