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Company name
La Unión, S.A.S. E.S.P
Project number
14121-01
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

Colombia
Sector

Energy
Status
Proposed
Disclosed date
04/20/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date 
07/26/2022
Approval date
N/A
Signed date
N/A
Sponsoring entity
SolarPack Corporación Tecnológica, S.A.
Team leader
Lara Manzano, Ricardo Julian
Investment type
Syndicated amount
USD $ 13,000,000
Financing amount
USD $ 40,250,500
Currency
COP
Project scope and objective
La Union consists in financing the construction and development of a PV solar plant Sponsored by Solarpack. La Union with a total aggregate installed capacity of 99.99 MWac, is located in the municipality of Monteria, Department of Cordoba, Colombia.
The project was awarded with a 15-year PPA in the Third Long Term Contract Auction that was organized by the Colombian Mines and Energy Ministry in 2021. The project is in development stage, with secured interconnection, secured site and advanced stage of environmental approvals.
IDB Invest's participation will help to supplement long-term financing for the project with participation from the United Kingdom Sustainable Infrastructure Program (UK SIP) Blended Financing Fund administered by the IDB Group, and in collaboration with a local bank, providing funds in Colombian pesos.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information:
Client Contact
CONTACT NAME
María Juliana Tascón
POSITION
Country Manager
PHONE NUMBER
+57 317 685 8082
mjtascon@solarpack.es
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
Early disclosure
LA UNION - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
142.6 Kb