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Signature(s)

Amount
€ 85,000,000
Countries
Sector(s)
France : € 85,000,000
Energy : € 85,000,000
Signature date(s)
29/04/2022 : € 6,624,183.5
29/04/2022 : € 78,375,816.5

Summary sheet

Release date
11 April 2019
Status
Reference
Signed | 29/04/2022
20180688
Project name
Promoter - financial intermediary
EOLMED FLOATING OFFSHORE (PORT-LA-NOUVELLE)
QAIR MARINE SASU
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 85 million
EUR 289 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project comprises the construction of a 30 MW floating offshore wind farm circa 15 km off the coast of Gruissan in the Aude region (Occitanie) in France, in 59 m-90 m water depth.

The development of offshore wind energy will support EU and national targets for renewable energy generation and greenhouse gas emission reduction. The project thus will contribute to environmental objectives and to the EIB's priority objectives for energy sector lending related to renewable energy sources and transversal objectives of climate action, as well as social cohesion. Floating turbines could allow projects to access better wind resources in deeper waters (for which the fixed-foundation solution would likely be too costly) and generate potential savings with regards to foundations and installation costs. The project is thus likely to contribute to the advance of EU technological leadership in wind energy and therefore support long-term EU economic growth.

Environmental aspects
Procurement

The promoter carried out the relevant environmental impact assessments (EIAs) during the period between September 2016 and January 2017 and the public consultation has been launched. The EIA and permits will be assessed during appraisal for conformity with relevant EU Directives.

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, 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.

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 Impact Assessment (ESIA) - EOLMED FLOATING OFFSHORE (PORT-LA-NOUVELLE)
Publication Date
1 Oct 2020
Document language
Main Topic
Lending
Document Number
133890810
Document Focus
Environmental Information
Project Number
20180688
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - EOLMED FLOATING OFFSHORE (PORT-LA-NOUVELLE) - Résumé Non Technique
Publication Date
2 Oct 2020
Document language
Main Topic
Lending
Document Number
133562379
Document Focus
Environmental Information
Project Number
20180688
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - EOLMED FLOATING OFFSHORE (PORT-LA-NOUVELLE)
Publication Date
24 Nov 2020
Document language
Main Topic
Lending
Document Number
127275155
Document Focus
Environmental Information
Project Number
20180688
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.
Alternatively, the EIB can be contacted through its external offices.
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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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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