(AGENPARL) – ROME mer 29 giugno 2022

Reference:


Release date:
29 June 2022

Promoter – Financial Intermediary

IBERDROLA SA

Location

Description

Financing of the Tagus (200 MW) and Almaraz (80 MW) solar photovoltaic (PV) projects in Extremadura and of the Valdemoro onshore wind farm (50 MW) in Castile-León. Allocation under the framework loan (FL) 2022-0085 IBERDROLA GREEN ENERGY FRAMEWORK LOAN II.

Objectives

The project contributes to the European Renewable Energy (RE) target for 2030 of 32% in final energy consumption that has been established in the Recast Renewable Energy Directive (2018/2001/EU). The European Commission has recently proposed as part of its REPowerEU plan to increase such a target to a level of 45%. It will further support the Spanish RE target for 2030 of 42% (final energy consumption) as set out in its Integrated National Energy and Climate Plan (NECP). In addition, the project is located in cohesion regions. The financing of this project is in line with the Bank’s priority energy lending related to renewable energy and climate action.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 123 million

Total cost (Approximate amount)

EUR 246 million

Environmental aspects

All the PV plants, the wind plant and grid interconnection infrastructure are included in the Annex II of the EIA Directive (Directive 2011/92/EU amended by the EIA Directive 2014/52/EU) and have been screened in by the competent authority. All plants and associated infrastructure underwent an environmental impact assessment (EIA) process, including public consultation. The plants and associated infrastructure obtained their environmental permits (“Declaración de Impacto Ambiental” – DIA) between February 2020 and March 2022.
The authorisation procedure and compliance with the relevant EU directives, specifically Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively), will be assessed at appraisal, in particular the potential cumulative impacts assessment and the impacts on protected flora and fauna, including Natura 2000 sites.

Procurement

The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

Status

Under appraisal – 29/06/2022

Fonte/Source: https://www.eib.org/en/projects/pipelines/all/20220391