Company name
Villonacoenergy S.A.
Project number
14111-01
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
Ecuador
Sector
Energy
Status
Proposed
Disclosed date
06/24/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/28/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
Cobra Group
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 104,000,000
Currency
USD
Project scope and objective
The financing will support the design, construction, operation, and maintenance of the Villonaco III wind farm, located in Loja, Ecuador, with an installed capacity of approximately 112 MW, developed under a 25-year concession granted by the Ministry of Energy and Mines. The project includes 19 wind turbine generators, a 33/138 kV step-up substation, an approximately 24.5 km 138 kV transmission line, and the associated civil works required to connect the project to the Loja substation and evacuate energy to the national power system.
The project will contribute to the decarbonization and transformation of Ecuador’s energy matrix by generating electricity from renewable sources, supporting the country’s transition toward a cleaner and more sustainable energy system. The energy generated by the project will be sold under long-term power purchase agreements with nine state-owned electricity distribution companies.
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Contact information
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Client Contact
PHONE NUMBER
+593 993676920
POST OFFICE ADDRESS
Av. Pampite y Simón Valenzuela, Edificio YOO, Piso 5 Oficina 517 Quito - Ecuador
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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.
VILLONACO III - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS)
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VILLONACO III - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS OR ESAP)
399.4 Kb