Release date: 21 March 2012
Promoter – Financial Intermediary
GAMESA CORPORACION TECNOLOGICA SALocation
Description
The project consists of research, development and product/process innovation investments for wind turbine generators in Spain and the United Kingdom.
Objectives
The projects objective is to develop new and more efficient wind turbine generators.
Comments
The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 260 million
Total cost (Approximate amount)
EUR 530 million
Environmental aspects
The project is expected to be carried out in existing R&D facilities already authorised in which case an Environmental Impact Assessment (EIA) would not be necessary as per Directive 85/337/EC and its amendments. However, the project may include some components, e.g. on-shore and off-shore experimental wind turbines installations, which may fall under the EIA Directive. Full environmental details will be verified during the appraisal.
Procurement
The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 29/11/2012
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).