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    Signature(s)

    Amount
    € 179,099,518
    Countries
    Sector(s)
    Sweden : € 179,099,518
    Energy : € 179,099,518
    Signature date(s)
    7/11/2017 : € 79,099,518
    7/11/2017 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    6 February 2017
    Status
    Reference
    Signed | 07/11/2017
    20160729
    Project name
    Promoter - financial intermediary
    NORTH POLE ONSHORE WIND FARM
    GE Financial Services / Macquarie Capital (Europe) Limited
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 179 million
    EUR 741 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project comprises the construction of an onshore wind farm with a capacity of up to 650MW in northern Sweden about 25 km from the city of Piteå.

    The development of wind energy supports EU and national targets for renewable energy generation, and contributes to security of energy supply and environmental objectives.

    Environmental aspects
    Procurement

    The Swedish government issued a framework permit for the Markbygden cluster in March 2010 based on an overarching environmental impact assessment (EIA) from 2008, covering the cumulative effects of the whole development. The complementary EIA for Phase 1, which includes this project, was issued in May 2011 and the competent authority issued the environmental permit in December 2011. The site is currently mostly used for industry related to forestry and reindeer husbandry. The potential impact on reindeer husbandry has been subject to special attention and consideration during the development phase of the project. The project will pay direct compensation to the neighbouring community and the Sami indigenous tribe, with whom an agreement on benefit-sharing has been reached based on free prior informed consent. During appraisal, compliance with the Bank's environmental and social standards will be assessed.

    The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - NORTH POLE ONSHORE WIND FARM
    Publication Date
    18 Feb 2017
    Document language
    Main Topic
    Lending
    Document Number
    70352022
    Document Focus
    Environmental Information
    Project Number
    20160729
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - NORTH POLE ONSHORE WIND FARM
    Publication Date
    18 Feb 2017
    Document language
    Main Topic
    Lending
    Document Number
    73516818
    Document Focus
    Environmental Information
    Project Number
    20160729
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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.
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