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IMWIND WIND POWER

Signature(s)

Amount
€ 140,000,000
Countries
Sector(s)
Austria : € 140,000,000
Energy : € 140,000,000
Signature date(s)
10/10/2011 : € 35,000,000
10/01/2012 : € 35,000,000
5/07/2013 : € 70,000,000
Link to source
Data sheet

Summary sheet

Release date
20 September 2010
Status
Reference
Signed | 10/10/2011
20100408
Project name
Promoter - financial intermediary
IMWIND Wind Power Austria

Private Austrian Renewable Energy Production Group

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 140 million.
Up to EUR 226 million.
Location
Sector(s)
Description
Objectives

The project consists in the construction and operation of five onshore wind parks with a total capacity of 149 MW, all of them located in the eastern part of Austria

The development of wind power contributes to EU and national renewable energy objectives, as well as Austrian’s economic development. Due to the location in Burgenland of three out of four of the schemes it will also contribute to convergence objectives. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) environment, tackling climate change, energy and renewable energy. Therefore, the project supports the Bank’s priority objectives for energy sector lending in the EU related to renewable energy sources.

Environmental aspects
Procurement

All wind farms proposed fall under Annex II of the EIA Directive 84/337/EC (as amended by Directives 97/11/EC and 2003/35/EC). Therefore they can be subject to an EIA on a case by case basis decision or defined criteria set by the competent authority. The three wind farms in Burgenland have been screened in during this process, and have undergone an EIA process. The exact EIA status of the remaining scheme should be clarified during appraisal, along with the potential environmental impact of all wind farms (including on Natura 2000 zones and potential cumulative impacts with other wind projects).

The promoter is not subject to public procurement procedures as it is neither a public undertaking nor does it enjoy special or exclusive rights in the sense of the EU Procurement Directive 2004/17/EC.

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).

News & Stories

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Alternatively, the EIB can be contacted through its external offices.
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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.

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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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