ANNOUNCEMENT 16 Dec 2010

On 16 December 2010, the EIB provided financing worth EUR 550 million (USD 727 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 16 Dec 2010 | Removal date: open ended

State loan

On 16 December 2010, the European Investment Bank (EIB) and Trianel Power Windpark Borkum Gmbh & Co.kg signed an agreement worth EUR 550 million (approx. USD 727 million) for the project Borkum West Ii Offshore Windpark from Germany. The total cost of the project is estimated at EUR 1159 million.

According to the project description issued by the EIB, Installation of a large-size offshore wind farm in the German Exclusive Economic Zone (EEZ) of the North Sea. A wind farm area has been earmarked by the government which is located at a distance of around 45 km north of the East Frisian Island of Borkum. The project will be equipped with 40 wind turbines of the 5 MW class (totalling 200 MW). The wind farm will generate electricity for supply to the public grid. The selected turbine type comprises new technical features especially developed for o.

The objective of the project is defined as following: The Project will contribute to German and European targets for renewable energy (abatement of CO2 emissions and diversification of energy supply.).

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.

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AFFECTED PRODUCTS