Company name
Kenergreen S.A.P.I. de C.V.
Project number
12402-01
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
Mexico
Sector
Energy
Status
In implementation
Disclosed date
07/31/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/11/2018
Approval date
12/12/2018
Signed date
05/14/2019
Sponsoring entity
X-Elio Energy, S.L.
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 15,000,000
Financing amount
USD $ 30,000,000
Currency
USD
Project scope and objective
The Navojoa solar project consists of the design, construction, commissioning, operation, and maintenance of a 200MW solar PV plant in the State of Sonora, Mexico that will connect into the Mexican Comisión Federal de Electricidad (“CFE”) national grid system; and all associated transmission and interconnection facilities which includes a 3.3km transmission line (TL). The financial plan is expected to be completed with co-loans from the China Co-Financing Fund for Latin America and the Caribbean (“China Fund”), and other development and commercial banks.
The Project was awarded a long-term Power Purchase Agreement (“PPA”) in the 3rd Mexican Power Auction in November 2017. The Project will contribute to the Government of Mexico’s (“GoM”) objectives of diversifying its electricity matrix, by delivering clean, PV solar energy and supporting the push to create a wholesale electricity market, while reducing the country’s dependency on thermal energy, as Mexico’s goal is for clean energy sources to provide 50% of the nation’s electricity generation mix by 2050.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY - NAVOJOA PV
358.2 Kb
ESTUDIO MIA NAVOJOA 250917. PART1 .PDF
6.4 Mb
ESTUDIO MIA NAVOJOA 250917. PART2.PDF
6.6 Mb
ESTUDIO MIA NAVOJOA 250917. PART3 .PDF
6.3 Mb
ESTUDIO MIA NAVOJOA 250917. PART4.PDF
9.9 Mb
ESTUDIO MIA NAVOJOA 250917. PART5.PDF
865.1 Kb
NAVOJOA SOLAR PV - COMPLEMENTARY BASELINE STUDIES.PDF
16.5 Mb
EVIS NAVOJOA SOLAR (PUBV01 REDACTED).PDF
5.5 Mb
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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.
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Request informationLearn more about how we provide private-sector solutions in the region .
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 SUMMARY
45.3 Kb