IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Apr 2018 | Removal date: open ended
Still in force

State loan

On 25 April 2018, the European Investment Bank (EIB) signed a financing agreement to support the Goya Wind Project having a total approved value of EUR 165 million (approx. USD 200.8 million).

The Project developer is the Spanish company Forestalia alongside three shareholders of the project Mirova, GE and Engie. The company was awarded the tender for the project in a 2016 auction under the Spanish support scheme for renewable electricity, see related act. The project consists of nine wind plants having a total capacity of 300MW. 

In this context, the EU Commissioner for Climate Action and Energy Miguel Arias Cañete stated in a press release: "The European Commission welcomes the financing of these nine wind farms in Aragón. Europe will always endeavour to support projects that invest in the transition to clean energy and job creation. Investing in renewables means investing in quality jobs. Spain has the potential to be the benchmark for renewable energies and sustainable long-term job creation. These projects provide an example of this potential and they will certainly not be the last."

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory. 

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

171 Electrical energy
2716 Electrical energy. (optional heading)
271600 Electrical energy. (optional heading)

Please report this page in case you detect an inaccuracy in its content.