SENVION WIND ENERGY RDI

Promoter – Financial Intermediary

SENVION SE

Location

• Germany

Description

Development of next generation turbines and rotor blades.

Objectives

The main project's goals are the reduction of levelized cost of energy (LCoE) by increasing the turbine efficiency as well as reducing total lifetime cost, increase of the turbine's energy yield and full load production hours and product diversification.

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)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 90 million

Total cost (Approximate amount)

EUR 185 million

Environmental aspects

The R&D activities are expected to be carried out in existing facilities, already authorised, that will not change their scope due to the project. In the light of this the project is not expected to require an Environmental Impact Assessment as per directive 2011/92/EU. However, some of the activities included in the project, notably the development and testing of new WTGs (Wind Turbine Generators), may result in the construction of experimental wind farms and as such could require an EIA and/or have impacts on Nature conservation sites. The Bank's services will investigate the details during the appraisal.

Procurement

The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

Status

Signed - 28/11/2014