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    Reference: 20200850
    Release date: 17 June 2021

    Promoter – Financial Intermediary

    SPECIAL PURPOSE ENTITY(IES)/FUND

    Location

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Austria Energy