FRENCH OFFSHORE ROUND 1 - COURSEULLES-SUR-MER

Promoter – Financial Intermediary

EDF RENOUVELABLES SA,ENBRIDGE INC,WPD AG

Location

• France

Description

Design, build, maintain and operate a 450 MW offshore windfarm 10 kilometres off the French coast.

Objectives

The development of offshore wind energy will support EU and national targets for renewable energy generation, and contributes to the security of energy supply and environmental objectives. The project will further contribute to the Bank's transversal priority objectives for energy-sector lending related to renewable energy sources and climate action.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 350 million

Total cost (Approximate amount)

EUR 1725 million

Environmental aspects

The project falls under Annex II of the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EC, leaving it to the competent authority to decide on the need for an environmental impact assessment (EIA). In line with the French national environmental law (Code de l'Environnement), the project, i.e. the wind farm and its grid connection facilities, have undergone a full EIA. The project's environmental permit was issued in the first half of 2016. The Bank will assess the compliance of the authorisation procedure with the relevant EU directives and other environmental aspects of the project during appraisal.

Procurement

The Bank will require the Promoters to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 18/02/2021