Renewables

EIB mulls support for onshore wind farms project

Photo: Pixabay

Published

September 4, 2016

Country

Comments

comments icon

0

Share

Published:

September 4, 2016

Country:

Comments:

comments icon

0

Share

A special purpose entity – private company not from the utilities sector, which promotes a project for three wind farms in Tanagra municipality in Viotia prefecture, applied for funding support, the European Investment Bank said on August 25.

The portfolio includes the construction and operation of facilities with an overall capacity of 50 MW in the area also known as Boeotia in central Greece, north of capital Athens. The international financing institution didn’t disclose the requested amount or other details in its section of endeavors in the pipeline.

The project contributes to the bank’s objectives for climate action, making it eligible in the segment of operating in less developed regions and in renewable energy as a common interest, the statement said. Wind power plants contribute to European Union’s and national targets for green energy generation, EIB added.

The country’s competent authority is to judge whether an individual wind farm requires an environmental impact assessment (EIA). The project has been screened in according to Greek law and each wind farm underwent an individual process, the bank said and noted no significant negative impacts were identified. All permits appear to be in place, including an environmental terms approval based on environmental impact studies, it stated.

The closest Natura 2000 site  – special protection area Oros Parnitha, is five to ten kilometers away from the power plant sites. During appraisal, the authorization procedure of the project will be reviewed, including public consultations and its compliance with EU directives, EIB said.

The unnamed company has no status of a contracting entity and is not subject to the bloc’s rules on public procurement, according to the announcement, which adds the conclusion may be revised following the appraisal.

Tags: , ,

Related Articles

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E

Albania declares eight winners at 300 MW solar power auction

Albania declares eight winners at 300 MW solar power auction

10 July 2024 - The lowest bid at Albania's solar power auction came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh