WINDPARK SPANNBERG IV (EIB-20240108)

Countries
  • Austria
Geographic location where the impacts of the investment may be experienced.
Specific Location
Spannberg
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 31, 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
WEB WINDENERGIE AG
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)
$ 80.10 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 74
Converted using 2024-07-31 exchange rate.
Project Cost (USD)
$ 123.39 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 114
Converted using 2024-07-31 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 3, 2024

Disclosed by Bank May 3, 2024


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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 concerns the implementation and operation of a 62,8 MW wind farm in Spannberg / Lower Austria. The main goal is to reduce carbon and air pollution emissions, which are externalities that the market fails to address. The wind farm will also foster the integration of new, variable renewable generation technologies in the market.

Therefore, the EIB's loan will fill the unmet demand of projects developing new renewable capacity, including those with market-exposed structures and instruments.

The project comprises the implementation and operation of a wind farm in Lower Austria consisting of up to 11 wind turbines, including the civil infrastructure and the underground cable connections to substations owned and operated by the grid operator. The turbines’ rotor diameter is 162 m, two of the turbines have a hub height of 166 m, the other nine are installed at 148 m hub height. The project is implemented in two phases; in the first phase four wind turbines are installed and connected via a 22 km underground cable (30 kV) to an existing electricity substation.

The new substation is located at about 4 km to the nearest wind turbine. It will connect to an existing transmission line in its vicinity.

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 project site is located in a slightly undulating landscape, characterised by intensive agricultural use and scattered spots of forested area. Based on the findings of a Strategic Environmental Assessment (SEA) conducted, the area was identified and dedicated as a zone suitable for wind power development (“Grünland Windkraftanlage”) in the spatial development plan of the federal state of Lower Austria. Further wind farms are already operating in the close surroundings; additionally, some oil and gas drilling installations are located near the area.

The promoter’s EIA Report addresses all relevant risks (including biodiversity, noise, shadow flickering, soil, hydrology, forest, ice fall, visual impacts) through specific expert studies. The studies concludes that the project’s negative impact is either negligible or low. Only for few aspects the negative impact was classified as medium and mitigation measures were proposed, mainly concerning, shadow flicker and noise emission of certain turbines as well as the impact on protected bat species.

The project is not located within a Natura 2000 site or other areas protected under national or international legislation. The closest Natura 2000 sites are the March-Thaya-Auen (wetlands) under the Habitats Directive as well as under the Birds Directive (SAC AT1202000 and SPA AT1202V00) at 6,1 km minimum distance from the WF. "Pannonische Sanddünen" (SAC AT1213000) is at 6,4 km from the closest turbine.

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.

WEB Windenergie AG is an energy transition company based in Waldviertel, Austria, with locations in eight different countries on two continents.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - WEB WINDENERGIE AG 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

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

How it works

How it works