VENTO DI VINO WIND (EIB-20240088)

Countries
  • Italy
Geographic location where the impacts of the investment may be experienced.
Specific Location
Province of Trapani
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 26, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
BYOM SRL, FABBRICA ENERGIE RINNOVABILI ALTERNATIVE SRL
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 56.54 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 52
Converted using 2024-07-26 exchange rate.
Project Cost (USD)
$ 76.11 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 70
Converted using 2024-07-26 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 5, 2024

Disclosed by Bank Jul 23, 2024


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project, an extension of 24 MW wind farm operating since late 2011, concerns the construction and operation of a 45 MW wind farm in Mazara del Vallo (in the province of Trapani, southwestern Sicily, Italy).

The project, named Vento di Vino 2, consists of the construction and operation of a wind power plant of 44.8 MW and other ancillary facilities as described below, such as access roads and grid connection works. The project is the extension of an existing 23 MW wind farm (Vento di Vino 1) in operation since late 2011, and is expected to be implemented in the period from early 2025 to July 2026.

The project is located in the Mazara del Vallo municipality, in the region of Sicily. The project scope includes:
• The wind generation plant composed of seven turbines.
• The 30 kV underground interconnection (ca. 12km) to the existing substation Vento di Vino, which is adjacent to the interconnection point at Mazara 2 substation, property of the Distribution System Operator.
• The upgrade, inside the existing perimeter of the substation Vento di Vino, including a new transformer.

The grid connection solution for the project entails the reinforcement of the existing 150 kV overhead transmission line Fulgatore-Partanna, part of the national grid and managed by the transmission system operator (ca. 78km). This reinforcement does not form part of the EIB financed scope. The duration of implementation of the reinforcement works extends well beyond the implementation timeframe of the project.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The main potential impacts of the project expected during construction are related to the increase of noise, traffic and quality of air. There is a potential temporary impact on fauna during this period that is expected to be recovered after the end of heavy construction activities on site.

During operation, the main potential impacts are those related to the visual impact in an area that is already affected by other wind farms, loss of habitat and potential collision of avifauna with the wind turbines. Other sector-typical impacts entail biodiversity loss, soil compaction, topsoil destruction and soil accumulation, among others.

Regarding Natura 2000 network, the closest wind turbine generator is located less than 1 km away from the Special Area of Conservation ITA010014 (Sciare di Marsala). Although no wind turbine is located within the boundaries of this protected site, the 30kV underground interconnection line (most of which runs along a public road) runs through the protected area.

The land plots required for the wind plant are private and most of them have been purchased via bilateral agreements- the process for securing the land is still on-going. Most of the route of the 30kV underground cable runs along a public provincial road. For the sections not under/next to the road, the promoter plans to secure the plots via easements. In parallel, the promoter has obtained an expropriation approval (Dichiarazione di Pubblica Utilità) and will only resort to launching expropriation procedures in the case where voluntary agreements cannot be reached with all of the affected landowners. There are some plots also required for building the access roads, which are expected to be purchased or leased via bilateral agreements.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Byom is an investment and consulting company founded in 2009, which operates mainly in the energy and infrastructure market.

FERA SRL – Fabbrica Energie Rinnovabili Alternative operates in the renewable energy sector, with offices in Milan, Livorno and Noto (SR). FERA sells the electricity it produces exclusively from renewable sources: wind and biogas.

 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Byom SRL Client -
- - - - FERA (Fabbrica Energie Rinnovabili Alternative) Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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