La Pimienta Solar S. de R.L. de C.V.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 100,000,000
Project scope and objective
The La Pimienta A/B Bond Solar Project consists of the design, construction, commissioning, operation and maintenance of approximately 444 megawatt-peak (“MWp”) solar power plant in the state of Campeche, Mexico; and all associated transmission and interconnection facilities, which include a transmission line (TL) of up to 2.17 km. from the lift substation, to the interconnection substation with the Transmission System network (“the Project”). The Project is being developed by Atlas Renewable Energy, one of the largest renewable energy developers in Latin America with concrete experience in developing solar PV projects in Mexico.
The project has a long-term power purchase agreement that will contribute to achieving the objectives of the Government of Mexico to diversify its electricity matrix by delivering clean PV solar energy and supporting the impulse to create a wholesale electricity market while reducing the country's dependence on thermal energy, since the Mexico's objective is that in 2050 clean energy sources provide 50% of the electricity generation combination.
The IDB Invest financing will consist of an A-loan for an amount up to US$50 million to be funded by the IDB Invest or IDB. The A-loan will be complemented by a B-loan, which will be funded through the sale of participations to a special purpose vehicle with funds from the sale of bonds to international institutional investors. It is expected that IDB Invest financing will be complemented with a long-term loan up to USD 30 million with the same terms and conditions of the IDB Invest A-loan as well as other credit lines to be provided by Bancomext.
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Alternatively, you may also use the following contact information:
(+52) 55 7252-2000
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005