Date of entry
13/10/2009
BeneficiaryOcean Breeze GmbH & Co. KG
Location- Germany
Implementation and operation of a large-size offshore wind farm (400 MW) situated at 100 km distance from the German coast in the German Exclusive Economic Zone of the North Sea. It will supply electricity to the national transmission grid via a long subsea cable. The investment supports the achievement of the national target for electricity generation from renewable energy sources.
ObjectivesThe German government has set its objective to increase the percentage of electricity generated from renewable energy sources to at least 20% by 2020 and to 50% by 2050. A major element in achieving this target is to further develop the capacity of the offshore wind energy sector.
Comments- Energy
EUR 700 million
Total costEUR 1400 million
Environmental aspectsBy virtue of its technical characteristics the project falls under Annex II of EIA-Directive 85/337/EEC (as amended). According to national regulations the project is subject to a full mandatory EIA including public consultation, which has been carried out accordingly. The competent authorities granted a conditional approval after extensive public consultation and confirmed with the permit that significant negative impacts on nature conservation sites can be excluded. Further details of the environmental due diligence procedures applied by the promoter will be assessed by the Bank during appraisal.
ProcurementThe project is not subject to public procurement according to the Utilities Directive 2004/17/EC, as the promoter (SPV) is neither a public undertaking in the sense of Directive nor does the project enjoy any special or exclusive rights. The rights to develop an offshore wind in EEZ are granted by the government through the permit approval of the competent authority on objective, proportionate and non-discriminatory criteria according to national legislation.
StatusUnder appraisal - 13/10/2009.
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