Release date: 3 May 2024
Promoter – Financial Intermediary
WEB WINDENERGIE AGLocation
Description
The project concerns the implementation and operation of a 62,8 MW wind farm in Spannberg / Lower Austria.
Objectives
The main goal is to reduce carbon and air pollution emissions, which are externalities that the market fails to address. The wind farm will also foster the integration of new, variable renewable generation technologies in the market. Therefore, the EIB's loan will fill the unmet demand of projects developing new renewable capacity, including those with market-exposed structures and instruments.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 74 million
Total cost (Approximate amount)
EUR 114 million
Environmental aspects
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. The project was subject to an EIA. During appraisal, the project's authorization procedures will be further assessed. This includes a verification of compliance of authorisation processes with relevant EU Directives.
Procurement
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 required.
Status
Under appraisal
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).