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Company name

Ebes Sistemas De Energia S.A

Project number

12680-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S category
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C

Country

Brazil

Sector

Energy

Status

Inactive

Disclosed date

06/18/2019

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

Projected board date
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11/15/2019

Approval date

08/16/2019

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 7,351,180

Currency

BRL

Project scope and objective

The project consists of a senior and/or mezzanine quota subscription of up to BRL40 million in Brazilian Real including a Blended Finance participation through the UK Sustainable Infrastructure Program. The quotas will be issued by Green FIDC Órigo, a receivable rights fund to be organized in accordance with the Brazilian laws and regulations.
The fund was designed to disintermediate the access to Brazilian capital markets for renewable energy projects - reducing the cost of capital and facilitating long-term financing. The fund will purchase the receivables of long-term financing contracts of solar-rooftop systems originated by Órigo.
IDB Invest will provide conditions that are not available from commercial sources to help Órigo develop a new product and business model to promote energy efficiency, financing access and support capital market development in Brazil. The proposed project will be approved under the following IDB Invest delegated facility: “Debt Capital Markets Program”.
IDB Invest will provide technical assistance to design a framework that defines the selection, monitoring and evaluation of the receivable portfolio in a manner aligned with the Sustainable Development Goals ("SDG") defined in the framework of the United Nations Development Program so that the issuance is cataloged as green.

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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

30.7 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

osvaldo.cruz@origoenergia.com.br

PHONE NUMBER

+55 (19) 3517-7421

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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