Release date: 1 July 2024
Promoter – Financial Intermediary
EVERWOOD CAPITAL SGEIC SALocation
Description
The project will finance 5 utility-scale solar photovoltaic (PV) plants with a total capacity of 450MWp to be located in the provinces of Cordoba and Seville (Andalusia region).
Objectives
The aim is to contribute towards the national and EU energy and climate goals, namely helping to decarbonise the electricity production and decrease the reliance on fossil fuels. The PV plants will be implemented in areas classified as EIB Cohesion Priority Regions, thus supporting regional development.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 148 million
Total cost (Approximate amount)
EUR 346 million
Environmental aspects
The PV plants and part of the ancillary infrastructure fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by the Directive 2014/52/EU). The project scope also includes overhead transmission lines -for the connection of the plants to the electricity grid falling under Annex I due to their technical characteristics, thus subject to an EIA process. Compliance with applicable EU Directives, in particular concerning cumulative impacts and potential impacts on nature conservation sites, will be further assessed during the appraisal.
Procurement
The promoter is a private company and the schemes envisaged for this operation are market-based renewable energy projects, which do not enjoy any special or exclusive rights. Therefore, private sector procurement procedures should apply.
Status
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).