Company name
AES Dominicana Renewable Energy S.A.
Project number
14542-01
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Dominican Republic
Sector
Energy
Status
In implementation
Disclosed date
04/26/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/19/2023
Approval date
09/19/2023
Signed date
10/16/2023
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 331,398,000
Financing amount
USD $ 125,000,000
Currency
USD
Project scope and objective
The proposed transaction consists of a structured financing to AES Dominicana Renewable Energy S.A. (the “Borrower” or “ADRE”) to (i) finance the design, construction, operation and maintenance of the Mirasol solar project, the Peravia I solar project and the Peravia II solar project; three greenfield Non-Conventional Renewable Energy (“NCRE”) projects totaling 240MWac of installed capacity (the “Greenfield Projects”) and (ii) refinance short-term facilities previously obtained by the Borrower to build the Agua Clara wind project, the Bayasol solar project and the Santanasol solar project; three NCRE projects totaling 150MWac of installed capacity (the “Operating Projects” and together with the Greenfield Projects, the “Warehouse” or the “Project”). The Project will be located in the Dominican Republic (“DR”).
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
AES WAREHOUSE FACILITY – ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
163.8 Kb
AES WAREHOUSE FACILITY – ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
286.7 Kb
Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
PARQUE EÓLICO AGUA CLARA – ESTUDIO DE IMPACTO AMBIENTAL
5.0 Mb
PARQUE SOLAR BAYASOL – ESTUDIO DE IMPACTO AMBIENTAL
32.9 Mb
PARQUE SOLAR MIRASOL – ESTUDIO DE IMPACTO AMBIENTAL
43.6 Mb
PARQUE SOLAR SANTANASOL – ESTUDIO DE IMPACTO AMBIENTAL
26.0 Mb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO I
348.9 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO II
2.7 Mb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO III
5.3 Mb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO IV
430.2 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO V
1.7 Mb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO VI
771.5 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO VII
628.1 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO VIII
251.2 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULOS
119.8 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - CARATULA
301.4 Kb
PARQUE SOLAR PERÁVIA I – CARTA
59.3 Kb
PARQUE SOLAR PERÁVIA I – MATRIZ PMAA PARQUE SOLAR
408.2 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - RESUMEN EJECUTIVO
834.0 Kb
PARQUE SOLAR PERÁVIA I – ESTUDIO DE IMPACTO AMBIENTAL - ANEXOS
107.4 Kb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO I
727.1 Kb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO II
1.7 Mb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO III
4.1 Mb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO IV
333.4 Kb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO V
2.5 Mb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO VI
1.5 Mb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO VII
2.2 Mb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO VIII
676.3 Kb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULO IX
462.3 Kb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CAPÍTULOS
114.6 Kb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - CARATULA
410.8 Kb
PARQUE SOLAR PERÁVIA II – CARTA
86.3 Kb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - RESUMEN EJECUTIVO
1.5 Mb
PARQUE SOLAR PERÁVIA II – TDR PERAVIA SOLAR 2
1.5 Mb
PARQUE SOLAR PERÁVIA II – ESTUDIO DE IMPACTO AMBIENTAL - ANEXOS
101.1 Kb
PARQUE SOLAR PERÁVIA II – PROTECCIÓN 30 METROS PERAVIA SOLAR II
773.9 Kb
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
rita.tirado@aes.com
PHONE NUMBER
TBC
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Early disclosure
ADRE - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
163.8 Kb