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    Signature(s)

    Amount
    € 110,000,000
    Countries
    Sector(s)
    Austria : € 110,000,000
    Energy : € 110,000,000
    Signature date(s)
    2/06/2023 : € 110,000,000
    Other links

    Summary sheet

    Release date
    31 July 2023
    Status
    Reference
    Signed | 02/06/2023
    20220804
    Project name
    Promoter - financial intermediary
    EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN
    EVN NATURKRAFT ERZEUGUNGSGESELLSCHAFT MBH
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 110 million
    EUR 147 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project will finance the promoter's investments in onshore wind farms in Austria. Completion of the selected projects is planned for the beginning of 2025.

    The aim is to primarily reduce carbon and air pollution emissions. Moreover, the onshore wind farms will foster the integration of new, variable renewable generation technologies in the market. Ultimately, the purpose is to support the development of new renewable capacities with more market-exposed structures.

    Additionality and Impact

    This operation concerns the development and operation of a portfolio of onshore wind farms in Austria. They will support the 2030 targets set out in the National Energy and Climate Plan of Austria and the REPowerEU action plan.


    The financing of this project also contributes to Bank's lending priority objectives on Renewable Energy, Climate Action as well as on Economic and Social Cohesion.


    As the projects will produce electricity from low carbon sources, they will address the market failure of negative climate and environmental externalities, through the reduction of carbon emissions and air pollution (compared to fossil-fuel generation).


    The project will rely on revenues from (i) market premiums obtained through a competitive auction, and (ii) the wholesale market, thereby the project improves market efficiency and competition.


    In terms of project results, the projects are expected to have a positive economic return, considering the economic value of the electricity generated. Therefore, the projects will generate a positive social benefit by generating clean and renewable power at a cost (LCOE) reasonably below the cost of fossil-fuel based alternatives in Austria. On project quality, the projects are supported by adequate capabilities / governance of the promoter. 


    Overall, the financing through the EIB will strengthen the promoter's capability to increase its capacity of renewable energy, complement other financing sources. EIB's customised terms are highly appreciated by the company. Therefore, the loan is expected to provide a positive signalling effect in the market and crowd in complementary financing sources.

    Environmental aspects
    Procurement

    Wind farms fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending 2011/92/EU, requiring the competent authorities to determine whether an EIA is required. Overhead transmission lines for the interconnection of the schemes to the grid falling under the Annex I due to their technical characteristics will be expected to be subject in all cases to an EIA process. The EIB will assess compliance with applicable EU Directives during appraisal, in particular concerning cumulative impacts and potential impacts on nature conservation sites.

    The European Commission has exempted all contracts which are being awarded to implement electricity generation projects in Austria from the scope of the Utilities Directive. No public procurement is therefore required.

    Milestone
    Under appraisal
    Approved
    Signed
    29 March 2023
    2 June 2023
    Related documents
    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) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    171108506
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Prottes II - UVE Zusammenfassung
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176628475
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Prottes II - Fachbeitrag Waldökologie und Forst.
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176665695
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Prottes II - Fachbeitrag: Wildökologie und Jagd
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176665696
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Großkrut - Ergänzung Naturschutz
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176693318
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - UVE Zusammenfassung
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689642
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - Beurteilung Kabeltrasse für Tiere, Pflanzen und Lebensräume
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176700649
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - UVE Fachbeitrag Gesundheit und Wohlbefinden
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689416
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Fachbeitrag: Mensch, Gesundheit und Wohlbefinden
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176691210
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Großkrut - Tiere Pflanzen Lebensräume
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176697818
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - UVE-Fachbeitrag Ökologie
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176694296
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - Umweltauswirkung der Vorhabensänderung
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689972
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - Forschungsbericht Schwarzstorch
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689973
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Übersichtsplan - Siedlungsräume und Fotopunkte
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176694726
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Technische Beschreibung der Änderungen
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176688956
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Übersichtsplan - Siedlungsräume und Immissionspunkte
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176694411
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Großkrut - UVE-Zusammenfassung
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176693317
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - Fachbeitrag: Wildökologie
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176700650
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Leitbild Lenkungsmaßnahmen Rotmilan
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176695502
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - Fachbeitrag: Tiere und Pflanzen sowie deren Lebensräume
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689512
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - UVE Zusammenfassung
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176694410
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - Ergänzung Fachbeitrag Tiere und Pflanzen
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689974
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Prottes II - Fachbeitrag: Tiere, Pflanzen, Lebensräume
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176645903
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Nachreichung zum UVE Fachbeitrag Naturschutz
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176688287
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Großkrut - UVE Fachbeitrag: Gesundheit und Wohlbefinden
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176697819
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Stellungnahme
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176690883
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Paasdorf - Fachbeitrag: Tiere und Pflanzen sowie deren Lebensräume - Bewertung
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689414
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Palterndorf - Fachbeitrag: Jagd- und Forstwirtschaft
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176689497
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Großkrut - Umweltauswirkungen der Vorhabensänderung
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176697817
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Großkrut - UVE Fachbeitrag Ökologie
    Publication Date
    23 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176692538
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Prottes II - Fachbeitrag: Mensch, Gesundheit und Wohlbefinden
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176651838
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - EVN RENEWABLE ENERGY INVESTMENTS GREEN LOAN - Windpark Prottes II - Übersichtsplan - Immissionspunkte
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Lending
    Document Number
    176645055
    Document Focus
    Environmental Information
    Project Number
    20220804
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Link to source

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    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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