Company name

Nicefield S.A. (“Nicefield”)

Project number

11624-02

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Uruguay

Sector

Energy

Status

In implementation

Disclosed date

11/06/2015

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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12/08/2015

Approval date

03/22/2016

Signed date

03/31/2016

Sponsoring entity

N/A

Team leader

Domenech Pina, Manuel

Investment type

Financing requested

N/A

Syndicated amount

USD $ 68,160,000

Financing amount

USD $ 67,000,000

Currency

USD

Project scope and objective

Nicefield is a special-purpose corporation established to develop a 70 MW wind farm called Campo Palomas under an operating lease agreement with state company Administración Nacional de Usinas y Transmisiones (UTE). The wind farm is located in the Department of Salto, about 540 km from Montevideo. It involves the installation of 35 Vestas 110 wind turbines of 2.0 MW each. An investment of US$173 million is projected for purchasing and installing the wind turbines, building internal roads, and laying internal subterranean power lines, as well as constructing 6 km of 150-kV transmission lines connecting to the Salto Grande-Arapey substation (150 kV) and the wiring for the entire wind farm.

Enertey is a Uruguayan company that leads the concessions market. It currently operates two wind farms of 50 MW each.

Inabensa is a Spanish company that is a global leader in the design and manufacture of power plant systems and the construction of substations and transmission lines.

Abengoa is a global engineering and technology company founded in 1941 in Seville, Spain. It is a global leader in the development of renewable energy, infrastructure, and waste recycling. It has been operating in Latin America since 1963 and has a presence in more than 80 countries.

The proceeds from the IIC loan will be used for the installation, start-up, and operation of the aforementioned wind farm.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

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EMAIL

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PHONE

+1(202)-566-4566

ADDRESS

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