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Signature(s)

Amount
€ 143,200,000
Countries
Sector(s)
Spain : € 143,200,000
Energy : € 143,200,000
Signature date(s)
15/06/2012 : € 39,800,000
11/04/2013 : € 42,200,000
21/07/2011 : € 61,200,000
Link to source

Summary sheet

Release date
11 March 2009
Status
Reference
Signed | 21/07/2011
20080382
Project name
Promoter - financial intermediary
Helios 1&2 Thermal Solar Power Plants
Hyperion Management SL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of project cost.
Approximately around EUR 530 million.
Location
Sector(s)
Description
Objectives

The project concerns the parallel development, construction and operation of two identical large–scale concentrated solar thermal power (CSP) plants, each with a capacity of 50 MWe. The plants will apply parabolic solar trough technology, similar to that of Andasol 1 and Solnova 1 and 3 projects. Through the parabolic trough collectors the energy content of solar irradiation will be collected by a heat transfer fluid, flowing in special glass tubes (receiver). The fluid will dissipate its energy on to a conventional steam cycle, which will then generate electricity.

The development of renewable energy will support EU and national targets for renewable energy generation and contribute to environmental and security of energy supply objectives. Electricity generation from concentrated solar power will displace fossil fuel-fired generation and the associated emissions of greenhouse gases and other emissions (SO2, NOx).

Environmental aspects
Procurement

The project falls under Annex II of Directive 85/337/EEC, as amended by 97/11/EC and 2003/35/EC, which leaves the requirement for an Environmental Impact Assessment (EIA) to be determined by the competent national authorities. In this case the Spanish authorities have required an EIA to be carried out. The outcome of the EIA procedure was favourable and the environmental authorisation was awarded in April 2008. Details of the environmental assessment procedures applied and any potential impact on sites of nature conservation will be reviewed during appraisal.

Neither the promoter nor the special purpose companies are subject to EU Procurement Directives. Suitable procurement procedures, including an appropriate selection of works, goods and services offered at competitive prices should be applied in the project’s best interests. Details will be verified during appraisal.

Link to source

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.

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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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