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Signature(s)

Amount
€ 95,286,960.35
Countries
Sector(s)
United Kingdom : € 95,286,960.35
Energy : € 95,286,960.35
Signature date(s)
20/12/2005 : € 95,286,960.35
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Summary sheet

Release date
1 April 2005
Status
Reference
Signed | 20/12/2005
20020169
Project name
Promoter - financial intermediary
Barrow Offshore Wind Farm

DONG A/S
Agern Allé 24-26
DK-2970 Hørsholm
Contact: Mr Torben Bagger

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 60 million.
Estimated to be about GBP 123 million.
Location
Sector(s)
Description
Objectives

The project comprises the construction of a 90 MW offshore wind farm in the East Irish Sea near Barrow-in-Furness. The wind farm is expected to produce 305 GWh annually, which is equivalent to supplying more than 65,000 households with renewable energy.

The project aims at providing renewable energy to the public network. It forms an important part of the UK Government’s attempt to increase the share of UK electricity generation from renewable sources to 10% by 2010 with the aim of combating climate change.

Environmental aspects
Procurement

The project falls under Annex II of the Environmental Impact Assessment (EIA) Directive (85/337/EEC as amended by 97/11/EC). Planning permission was granted to the project on the basis of the EIA carried out by Warwick Energy in May 2002. Environmental issues in addition to the EIA are being surveyed both before construction, under construction and post-completion. The results will be reported annually to the authorities. The monitoring system also ensures that the project complies with the EU Nature Protection Directives and does not have a significant negative effect on any site of nature conservation importance, including Natura 2000 listed sites. The promoter will be required to provide copies of the non-technical summaries of the EIA and to implement any recommended mitigating measures to the satisfaction of the Bank.

The project will be implemented under a fixed lump sum EPC contract that was tendered after advertising in the OJEC in 2004. The promoters have confirmed that the procurement procedures followed comply with the requirements of EU directive 93/38.

Comments

Environment and Climate Change.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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