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EVELOP BELWIND OFFSHORE WIND

Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Belgium : € 300,000,000
Energy : € 300,000,000
Signature date(s)
24/07/2009 : € 150,000,000
24/07/2009 : € 150,000,000
Link to source

Summary sheet

Release date
24 November 2008
Status
Reference
Signed | 24/07/2009
20080507
Project name
Promoter - financial intermediary
Evelop Belwind Offshore Wind
EVELOP
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to Euro 200 million.
Euro 500 million.
Location
Sector(s)
Description
Objectives

Design, construction, operation and maintenance of the first phase of a 330 MW offshore wind farm, situated at the Bligh Bank in the North Sea, 46 km off the coast of Belgium. The project will further consist of internal, subsea medium-voltage cable connection among individual turbines, which will link the turbine arrays to an offshore medium/ high voltage transformer. The project also includes a 55 km long subsea high voltage connection to the onshore grid.

The project aims to contribute to achieving by 2010 the Belgian government’s target of 6% share of electricity generated from renewable energy sources, responding thus to the concerns of climate change and the need to secure future energy supplies.

Environmental aspects
Procurement

The project falls under Annex II of Directive 85/337/EEC (as amended by 97/11/EC and 2003/35/EC) concerning the Environmental Impact Assessment (EIA). The Bank will review the followed environmental procedures, including result of possible EIAs, mitigating measures to be taken and any effects on nature conservation sites (habitats Directive 92/43/EEC and Natura 2000).

Compliance with the EU procurement directives and national laws shall be ensured.

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).

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