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Company name

Enel Green Power, S.p.A

Project number

12197-01

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

Mexico

Sector

Energy

Status

In implementation

Disclosed date

11/13/2017

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

Projected board date
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12/15/2017

Approval date

12/15/2017

Signed date

09/25/2018

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 125,000,000

Currency

USD

Project scope and objective

Enel S.p.A. (Enel), through its renewable energy subsidiary Enel Green Power, S.p.A. (EGP or the Client), is seeking financing for a portfolio of three solar projects in México: the Villanueva I Solar Project (427 MW), the Villanueva III Solar Project (327 MW) and the Don José Solar Project (238 MW) (each, a Project and together, the Projects). The total estimated cost of the Project is approximately USD 1,032 million (the Project Cost). The equity requirement for the long-term financing to meet the debt sizing criteria is USD 314 million, and the remainder of the Project Cost is expected to be funded by Senior Loans from the IDB Group, other international financial institutions and a group of commercial banks. The Projects were awarded long-term Power Purchase Agreements (PPAs) in 2015 in the first energy auction held by Mexico’s Centro Nacional de Control de Energía (CENACE) under its new regulatory framework for the energy sector. Under the PPAs, the Projects will supply a fixed amount of energy (from years 1-15) and Mexican clean energy certificates (CELs) to the Comisión Federal de Electricidad (CFE), the state-owned Mexican generator, distributor and marketer of electricity.

Brief Project Description:

Villanueva I & III are located in the municipality of Viesca, in the North of Mexico in the Coahuila state. Don Jose is located in in the municipality of San Luis de Paz, in the center of Mexico in the Guanajuato state. The projects will connect into the CFE national grid system. The Projects are being developed by EGP through its Mexican subsidiary, Enel Green Power México S.R.L. de C.V. (EGP Mexico).
The Projects will contribute to the Government of Mexico’s (GOM) objectives of diversifying its electricity matrix, by delivering clean, solar PV energy and supporting the push to create a wholesale electricity market, while reducing the Country’s dependency on thermal energy, as Mexico’s goal is for clean energy sources to provide 50% of the nation’s electricity generation mix by 2050.

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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.

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

39.0 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

201.2 Kb

ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

116.4 Kb

MIA P PROY SOLAR DON JOSE 0.PDF

18.2 Mb

MIA P PROY SOLAR VILLANUEVA I 0.PDF

11.1 Mb

MIA P PROY SOLAR VILLANUEVA III 0.PDF

6.4 Mb

EVIS PARQUE SOLAR DON JOSE SA DE CV

3.7 Mb

EVIS VILLANUEVA SOLAR 330MW

9.5 Mb

EVIS SOLAR VILLANUEVA TRES 250MWCA

11.2 Mb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

francesco.carbonara@enel.com

PHONE NUMBER

+39 06 8305 5159

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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Learn more about how we provide private-sector solutions in the region .