ANNOUNCEMENT 19 Sep 2013

On 19 September 2013, the EIB provided financing worth EUR 410 million (USD 547 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 19 Sep 2013 | Removal date: open ended

State loan

On 19 September 2013, the European Investment Bank (EIB) and Greater Gabbard Offshore Winds Limited signed an agreement worth EUR 410 million (approx. USD 547 million) for the project Greater Gabbard Offshore Wind Project from United Kingdom.

According to the project description issued by the EIB, The Project consists in the co-financing of the 504 MW Greater Gabbard offshore wind farm located off the coast of Suffolk (UK), for a cost of GBP 1.38bn.

The objective of the project is defined as following: The project aims at enabling the UK to achieve its ambitious target of energy consumption based on renewable energy sources in 2020..

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 SECTORS

 
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AFFECTED PRODUCTS

 
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