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Signature(s)

Amount
€ 26,004,119.46
Countries
Sector(s)
Germany : € 26,004,119.46
Industry : € 26,004,119.46
Signature date(s)
6/06/2003 : € 26,004,119.46
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Summary sheet

Summary sheet

Release date
16 April 2003
Status
Reference
Signed | 06/06/2003
20020501
Project name
Promoter - financial intermediary
Solarwafer Sachsen
Deutsche Solar AG.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 75 million.
Estimated at about EUR 150 million.
Location
Sector(s)
Description
Objectives

The project concerns the extension of production facilities for silicon wafers, the main raw material for photovoltaic cells.

The project, aiming at a reduction in specific production costs, is expected to foster the international competitiveness of European industry in the photovoltaic cells/modules sector. The decrease of costs for photovoltaic energy contributes to the further development of renewable energy resources and environmental protection. In addition, the project is likely to have some positive direct and indirect effects on economy of the region, an objective 1) area.

Environmental aspects
Procurement

Production of semiconductors, which include photovoltaic cells, is not listed in the EIA Directive 97/11. It can, however, be assumed that the local authorities at the project location request a study on the environmental impact of the project, as a matter of general policy towards industrial projects. This will be verified during the appraisal along with the environmentally relevant characteristics of the project.

Procurement regulations do not apply to this private industry project. The promoter carries out competitive enquiries among potential suppliers as is usual in the industry.

Comments

Manufacture of accumulators, primary cells and primary batteries.

Link to source
Summary sheet
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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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