Release date: 20 November 2003
Promoter – Financial Intermediary
The promoter is a private group, which engages in independent power generation from renewable resources.Location
Description
The project concerns an investment programme for the construction and operation of 11 grid-connected wind farms, with a total capacity of 443 MW.
Objectives
The project will support EU and national objectives to increase the proportion of electricity consumption generated from renewable sources in Portugal.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 230 million indicatively.
Total cost (Approximate amount)
EUR 460 million indicatively.
Environmental aspects
The project falls under Annex II of Directive 85/337/EEC (as amended by 97/11/EC) on Environmental Impact Assessment (EIA). The project is designed to meet all relevant environmental laws and regulation.
Procurement
Contracts for the implementation of the wind farms included in the project will be tendered in accordance with the relevant EU procurement legislation (93/38/EEC). Tenders for the supply and construction of one of the wind farms were published in the EC Official Journal (ECOJ) while the remaining wind farms will be procured on the basis of a qualification system that was advertised in the ECOJ.
Status
Signed - 9/06/2005
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).