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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Belgium : € 300,000,000
Energy : € 300,000,000
Signature date(s)
3/10/2016 : € 50,000,000
3/10/2016 : € 250,000,000
Link to source

Summary sheet

Release date
14 December 2015
Status
Reference
Signed | 03/10/2016
20150619
Project name
Promoter - financial intermediary
RENTEL OFFSHORE WIND
Otary NV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 1129 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project involves the design, construction, operation and maintenance of an offshore wind farm of 294 MW, located in the North Sea, 42 km from Ostend harbour, in the Exclusive Economic Zone (EEZ) of Belgium.

The development of offshore wind energy will support EU and national targets for renewable energy generation, and contributes to security of energy supply and environmental objectives. The project will further contribute to the Bank's priority objectives for energy-sector lending related to renewable energy sources and climate action (transversal).

Environmental aspects
Procurement

By virtue of its technical characteristics the project would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU, amended 2014/52/EU), where the national authorities have to decide whether an EIA is needed. In this case a full environmental impact assessment was carried out and the environmental permit was granted in 2014. Details of the authorisation process and its compliance with the relevant EU directives, as applicable, will also be assessed during appraisal.

The bank will verify at appraisal whether the promoter is subject to EU rules on public procurement.

Link to source
Summary sheet

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).

Documents

Environmental and Social Data Sheet (ESDS) - RENTEL OFFSHORE WIND
Publication Date
28 Apr 2016
Document language
Main Topic
Lending
Document Number
66163297
Document Focus
Environmental Information
Project Number
20150619
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - RENTEL OFFSHORE WIND
Publication Date
15 Dec 2020
Document language
Main Topic
Lending
Document Number
135191410
Document Focus
Environmental Information
Project Number
20150619
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - RENTEL OFFSHORE WIND - Link to website for ESIA documentation
Publication Date
1 Oct 2016
Document language
Main Topic
Lending
Document Number
69824058
Document Focus
Environmental Information
Project Number
20150619
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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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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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