Company name
Lucayas Solar Power Ltd
Project number
12698-01
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
Bahamas
Sector
Energy
Status
In implementation
Disclosed date
09/21/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/29/2022
Approval date
11/29/2022
Signed date
12/16/2022
Sponsoring entity
Lucayas Solar Power Ltd
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 12,225,600
Currency
USD
Project scope and objective
The proposed operation consists of the financing of the development, construction, operation, and maintenance of an 11 Mega-Watt peak (“MWp”) photovoltaic (“PV”) solar farm in Freeport, Grand Bahama, The Bahamas. Solar PV arrays and interconnection facilities (together an “Installation”) will be developed in two locations within Freeport (the “Project”). The size and locations of the Installations are: (i) a 4.98 MWp solar array in Devon and (ii) a 6.01MWp solar array in Fairfield. The construction period is expected to be no longer than 12 months. Lucayas Solar Power Limited (“LSP” or the “Company”) will contract as the Engineering, Procurement and Construction (“EPC”) for the Project a consortium formed by Ventus Ingenieria SRL and Osprey Construction LTD (together the “EPC Contractor”) and it will be also in charge of its Operations and Maintenance (“O&M”) phase . The Project will be grid-tied, and the off taker will be the Grand Bahama Power Company (“GBPC”).
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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
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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.
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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.
LUCAYAS SOLAR POWER LIMITED - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
275.5 Kb
LUCAYAS SOLAR POWER LIMITED - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
141.5 Kb