Company name
E-QUATOR Energy S.A.
Project number
13491-01
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
Ecuador
Sector
Energy
Status
Proposed
Disclosed date
04/25/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/08/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
The objective of the “Conolophus” Project is to support the decarbonization and energy transition of the Galápagos Islands by increasing the share of renewable energy in the local energy matrix.
The project consists of providing a loan to E-QUATOR Energy S.A., a special-purpose vehicle formed by Gransolar and TotalEnergies (50/50), for the development of a photovoltaic power plant on Baltra Island, Galápagos, Ecuador.
The project includes:
- A 14.8 MWp solar photovoltaic farm
- A 40.9 MWh battery energy storage system (BESS)
- A substation and transmission infrastructure (approx. 44 km, 34.5 kV)
- A microgrid integrating existing and future diesel, wind, and solar generation, along with distribution and storage systems.
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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.
CONOLOPHUS - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (ESRS O RRAS)
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CONOLOPHUS - PLAN DE ACCION AMBIENTAL Y SOCIAL (ESAP O PAAS)
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
CONOLOPHUS - ESTUDIO DE IMPACTO AMBIENTAL Y SOCIAL - EIAS
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Contact information
For information requests about the project.
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Client Contact
PHONE NUMBER
+593 2 3801227
POST OFFICE ADDRESS
Calle El Establo Lote 50 Edif. Site Center, Torre 1, Of. 106 Cumbayá - Ecuador
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] 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 [email protected] or [email protected] or calling +1(202) 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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Request informationLearn more about how we provide private-sector solutions in the region .
Early disclosure
For projects with high environmental or social risk an Environmental and Social Strategy (ESS) is prepared early on during the project appraisal and prior to carrying out the environmental and social due diligence (ESDD). The ESS includes the initial E&S risk categorization and a brief description of potential Performance Standards applicable to the project. The ESS for this project is available below. Together with the ESS, IDB Invest also provides access to the client’s preliminary E&S documents that will be reviewed during the ESDD. The client E&S documents for this project can be found under the “CLIENT FILES” section below. Once the environmental and social due diligence is completed, an Environmental and Social Review Summary (ESRS) for the Project will be published on this page.
CONOLOPHUS - ENVIRONMENTAL AND SOCIAL STRATEGY - ESS
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