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    Reference: 20240108
    Release date: 3 May 2024

    Promoter – Financial Intermediary




    The project concerns the implementation and operation of a 62,8 MW wind farm in Spannberg / Lower Austria.


    The main goal is to reduce carbon and air pollution emissions, which are externalities that the market fails to address. The wind farm will also foster the integration of new, variable renewable generation technologies in the market. Therefore, the EIB's loan will fill the unmet demand of projects developing new renewable capacity, including those with market-exposed structures and instruments.


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

    Proposed EIB finance (Approximate amount)

    EUR 74 million

    Total cost (Approximate amount)

    EUR 114 million

    Environmental aspects

    Wind farms fall under Annex II of the Environmental impact assessment (EIA) Directive 2014/52/EU (amending 2011/92/EU), requiring the competent authorities to determine whether an EIA is required. The project was subject to an EIA. During appraisal, the project's authorization procedures will be further assessed. This includes a verification of compliance of authorisation processes with relevant EU Directives.


    The European Commission has exempted all contracts which are being awarded to implement electricity generation projects in Austria from the scope of the Utilities Directive. No public procurement is required.


    Under appraisal


    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

    Austria Energy