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Signature(s)

Amount
€ 60,000,000
Countries
Sector(s)
Spain : € 60,000,000
Energy : € 60,000,000
Signature date(s)
26/10/2018 : € 10,000,000
25/07/2018 : € 50,000,000
Link to source

Summary sheet

Release date
13 December 2017
Status
Reference
Signed | 25/07/2018
20170647
Project name
Promoter - financial intermediary
CURTIS BIOMASS POWER GENERATION PLANT
GREENALIA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million
EUR 130 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project concerns the construction of a 50 MWe electricity only biomass plant in Galicia, Spain. The plant will use 100% forestry residues in wood chip form, which will be sourced from the region in a 100 km radius around the plant.

The generation of electricity using renewable sources supports the EU objective of climate change mitigation. By ensuring demand for forest wood residues, the project will provide potential mitigation against incidences of forest fires in the region of influence, and will contribute to the sustainability of its forestry and overall economic activity.

Environmental aspects
Procurement

The project falls under Annex II of the EIA Directive 2011/92/EC, leaving it to the competent national authority to determine the need for an Environmental Impact Assessment (EIA). The project has undergone an EIA which has been completed and has been submitted to the competent authorities. The promoter is expecting environmental permit to be issued before the end of 2017. The Bank will assess environmental aspects of the project during appraisal.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation referenced above as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the European Union, as and where required.

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) - CURTIS BIOMASS POWER GENERATION PLANT
Publication Date
30 May 2018
Document language
Main Topic
Lending
Document Number
82180853
Document Focus
Environmental Information
Project Number
20170647
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - CURTIS BIOMASS POWER GENERATION PLANT - NTS of the Application for the Integrated Permit.
Publication Date
21 Mar 2018
Document language
Main Topic
Lending
Document Number
83008888
Document Focus
Environmental Information
Project Number
20170647
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - CURTIS BIOMASS POWER GENERATION PLANT - Application for the Integrated Permit
Publication Date
22 Jul 2019
Document language
Main Topic
Lending
Document Number
95460396
Document Focus
Environmental Information
Project Number
20170647
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - CURTIS BIOMASS POWER GENERATION PLANT
Publication Date
18 May 2018
Document Language
English
Main Topic
lending
Document Number
83433467
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20170647
Last update
18 May 2018
Sector(s)
Energy
Countries
Spain
Publicly available
Download now

News & Stories

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