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Signature(s)

Amount
€ 842,904,589.68
Countries
Sector(s)
United Kingdom : € 842,904,589.68
Energy : € 842,904,589.68
Signature date(s)
9/09/2010 : € 242,483,026.19
8/06/2010 : € 294,592,460.79
1/07/2010 : € 305,829,102.7
Link to source

Summary sheet

Release date
10 July 2009
Status
Reference
Signed | 08/06/2010
20090108
Project name
Promoter - financial intermediary
London Array Offshore Windfarm

London Array is sponsored by E.ON, DONG Energy and Masdar

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 1 000 million.
Indicatively estimated by the Bank at around GBP 2 200 million.
Location
Sector(s)
Description
Objectives

The project is the 1st phase of an envisaged 1,000 MW offshore wind farm off the UK coast. Phase 1 will consist of 175 turbines and have a capacity of 630 MW.

The project aims at helping the UK to achieve its ambitious target of electricity consumption based on renewable energy sources in 2020.

Environmental aspects
Procurement

By virtue of its technical characteristics the project is classified as an Annex II-project according to the EIA-Directive 85/337/EEC, as amended. A comprehensive EIA was conducted including a detailed biodiversity assessment. Planning approval was granted by the competent authority following extensive public consultation.

The promoter is not subject to EU procurement directives (Utilities Directive 2004/17) for the purchase of the project’s equipment as the concession to build an offshore wind farm was granted following a competitive tender (Round 2) launched by the UK government.

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.

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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