Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20230946
    Release date: 14 June 2024

    Promoter – Financial Intermediary

    ELIA TRANSMISSION BELGIUM SA

    Location

    Description

    Princess Elisabeth, where the project is located, is an artificial island located 45 km off the Belgian coast. The project will cover the first phase of the programme supporting the island's electricity transmission infrastructure.

    Objectives

    The project will act as an electricity hub connecting new planned offshore wind farms and interconnectors to the onshore electrical transmission grid.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 650 million

    Total cost (Approximate amount)

    EUR 1105 million

    Environmental aspects

    The artificial island was subject to an Environmental Impact Assessment (EIA) procedure. The Competent Authority issued an environmental permit on 26 September 2023. The project will contribute to the climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation.

    Procurement

    As a regulated electricity transmission system operation, the promoter is bound to implement public procurement procedures as per requirements of the Utilities Directive (2014/25 /EU), as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Under appraisal - 31/01/2024

    Milestone
    Under appraisal

    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).

    Related tags

    Belgium Energy