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According to the Bank’s website, the project will finance the implementation and operation of 6 ground-based solar photovoltaic (PV) plants (total capacity of ca. 257 MWp) and a battery energy storage system in Burgenland. The project will generate clean electricity for 71 000 households.
The aim is to primarily reduce carbon and air pollution emissions, which are externalities the market fails to address. Moreover, the PV plants will foster the integration of new, variable renewable generation technologies in the market.
Hence, the project will fill a market gap in developing new renewable capacity, including the financing gap for projects trying to develop new capacity with more market-exposed structures and instruments.
Solar PV plants fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending 2011/92/EU, requiring the competent authorities to determine whether an EIA is required. The promoter expects that none of the solar PV plants is subject to an EIA. During appraisal, the project's authorization procedures will be further assessed. This includes a verification of compliance of authorisation processes with relevant EU Directives.
For more than 25 years PÜSPÖK, a family-owned company headquartered in Parndorf and Vienna, has been working to generate electricity from renewable sources. Their expertise ranges from the development, financing, construction and operation of wind power and photovoltaic systems, to repowering as well as the implementation of electricity storage. The company currently generates clean electricity for more than 280 000 households, making it one of Austria’s largest private electricity producers.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | PUSPOK Erneuerbare Energie GmbH | Client | - |
Contact: Richard Willis
Email: r.willis@eib.org
Phone: +352 4379 - 82155
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