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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

    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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    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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