Company name

Atlas Juazeiro Comercializadora de Energia Ltda.

Project number

12092-02

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
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B

Country

Brazil

Sector

Energy

Status

In implementation

Disclosed date

07/06/2020

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

Projected board date
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06/30/2020

Approval date

08/07/2020

Signed date

09/18/2020

Sponsoring entity

N/A

Team leader

Vieiro Cobas, Javier

Investment type

Syndicated amount

USD $ 15,000,000

Financing amount

USD $ 53,933,000

Currency

BRL, USD

Project scope and objective

The New Juazeiro Bifacial Solar Power Project consists of the design, construction, operation and maintenance of a 187 megawatt peak (“MWp”) bifacial photovoltaic power plant and other interconnection facilities to be located in the state of Bahia, Brazil (the “Project”). The Project will sell power through bilateral power purchase agreements with large industrial energy intensive users and to the spot market. 

 

 

The Project’s total cost is estimated at US$140.7 million, of which IDB Invest will finance up to US$90 million through a combination of senior and subordinated loans, denominated in United States Dollars and Brazilian Reais, and IDB Invest’s administered funds. Through this operation IDB Invest seeks to contribute to the Government of Brazil’s goal to diversify the country’s electricity generation mix by adding renewable solar power in order to reduce the impact of droughts in an energy system heavily dependent on hydro generation.

 

 

 

 

 

 

 

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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

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ESRS NEW JUAZEIRO 2020-05-07 ENG.PDF

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Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

LI JUA 05 - PORTARIA 20.002 2020.PDF

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LI JUA 06 - PORTARIA 20.000 2020.PDF

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LI JUA 07 - PORTARIA 20.003 2020.PDF

1009.9 Kb

LI JUA 08 - PORTARIA 20.001 2020.PDF

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EMI SOLAR NEW REV01+ANEXOS.PDF

55.5 Mb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

María José Cortés Loreto

POSITION

Head of ESG

PHONE NUMBER

+1 786 358 5614

EMAIL

newjuazeiro@atlasren.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices