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Signature(s)

Amount
€ 40,898,547.62
Countries
Sector(s)
Spain : € 40,898,547.62
Energy : € 40,898,547.62
Signature date(s)
9/12/2019 : € 40,898,547.62
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
19 July 2019
Status
Reference
Signed | 09/12/2019
20190210
Project name
Promoter - financial intermediary
LA ISLA SOLAR PV
NOVASOL INVEST LA ISLA SL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 41 million
EUR 121 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project concerns the construction and operation of a solar photovoltaic plant with a total capacity of 182.5 MWp located in the municipality of Alcalá de Guadaira, in the province of Seville (Andalusia, Spain). The plant was awarded with a specific regulation as a result of a national competitive auction for renewable energy projects held in July 2017.

The EIB intermediated financing for this operation is expected to have an important demonstration effect. Indeed, it will be one of the first greenfield solar energy projects to be financed in Spain after the moratorium in 2012 and the new regulatory framework, which came into effect in 2014. Additionally, the present operation will contribute to the achievement of Spain 2020 targets for renewable energy and to the reduction of the CO2 emissions.

Environmental aspects
Procurement

The project falls under the Annex II of the Environmental Impact Assessment (EIA) Directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU), and have been screened in by the competent authority, who confirmed that applicable EIA processes have been performed. The authorization procedure has been completed for the solar photovoltaic plant and the relevant interconnection facilities.

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 EIB would require the promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/23/EU / 2014/24/EU or 2004/18/EC / 2014/25/EU or 2004/17/EC, where applicable, 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 EU Official Journal, as and where required.

Related projects
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) - LA ISLA SOLAR PV
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94511910
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - Estudio de Gestion de Residuos de Construcción y Demolición
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94338457
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - Estudio de Impacto Acústico
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94334034
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - Memoria Ambiental
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94339058
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - Environmental Assessment Study
Publication Date
7 Nov 2019
Document language
Main Topic
Lending
Document Number
94342087
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - EIA Maps
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94338573
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - Estudio Hidrológico-Hidráulico
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94337446
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - Estudio Para la Evaluación del Impacto Paisajístico y Visual
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94335511
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV - Memoria Ambiental - Environmental Assessment Modifications
Publication Date
24 Nov 2019
Document language
Main Topic
Lending
Document Number
94339061
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - LA ISLA SOLAR PV
Publication Date
8 Nov 2019
Document language
Main Topic
Lending
Document Number
94331240
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - LA ISLA SOLAR PV
Publication Date
21 Jul 2022
Document language
Main Topic
Lending
Document Number
149518062
Document Focus
Environmental Information
Project Number
20190210
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

Other links
Data sheet
Summary sheet

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.

Media enquiries

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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