Company name
Wind Power Energía S.A.
Project number
BR3771A-01
N/A
E&S category
N/A
Country
Brazil
Sector
Energy
Status
In implementation
Disclosed date
08/30/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/05/2010
Approval date
11/09/2010
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
N/A
Project scope and objective
Wind Power Energía S.A. (WPE) is a member of Grupo IMPSA, which has designed, produced and marketed high capacity wind power equipment since September 2008 in Cabo de Santo Agostinho, State of Pernambuco, Brazil.
WPE also provides construction services, including the assembly and installation of generators, electrical components, and other industrial equipment for the energy sector. Its annual production capacity is 300 wind generators and it is expanding to produce electromechanical equipment for hydroelectric plants, as well as increasing its capacity for producing wind power generators.
WPE primarily supplies wind farms in Brazil and, depending on demand, may begin to supply wind farms in Argentina, Chile, Uruguay, and other locations. It is the only company in Latin America with the technology to produce this kind of equipment. Currently, the assembly of domestic and imported parts at its manufacturing plant in Recife involves a heavy workload for the company’s electrical engineers.
This IIC operation seeks to provide Wind Power Energía with financing for working capital for its growing production and supply of wind generators and to meet the increased demand for wind farms in Santa Catarina and Ceará, in Brazil.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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.
For inquiries, comments and information requests about the project
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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
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