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
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
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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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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Request informationAlternatively, you may also use the following contact information :
Client Contact
francesco.carbonara@enel.com
PHONE NUMBER
+39 06 8305 5159
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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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