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    Reference: 20190336
    Release date: 15 January 2021

    Promoter – Financial Intermediary

    EDP RENOVAVEIS SA

    Location

    Description

    Renewable energy programme promoted by EDP Renováveis Brasil S.A., comprised of a 260 MWp solar photovoltaic (PV) plant in the state of Sao Paulo, as well as 260 MW in two onshore wind plants in the state of Rio Grande do Norte. The operation is proposed as a sub-operation under the framework loan LATAM sustainable power generation FL (2017-0468).

    Objectives

    The project consists of up to three renewable energy plants in Brazil with a combined capacity of 260 MW in the State of Rio Grande do Norte (North-East) and a 260 MWp solar photovoltaic plant in the State of São Paulo (Centre-South). The project scope also includes the interconnection facilities.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    not disclosed

    Total cost (Approximate amount)

    not disclosed

    Environmental aspects

    If located in the EU, these plants would be included in Annex II of the EIA Directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU), requiring the environmental authority to screen and decide whether an environmental impact assessment (EIA) process is mandatory. Similarly, the interconnection lines would be also be included in the same annex in the case of the PV plant. In the case of the wind farms, the shared 500 kV would be included in Annex I of the abovementioned directive, requiring an EIA to be performed.

    Procurement

    The Promoter, an affiliate of a European private utility, is a private entity that does not benefit from special and exclusive rights in these operations, and is therefore subject to a private procurement regime. The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the EIB's Guide to procurement. In particular, the Bank will prohibit that any local requirement or local preference applies.

    Status

    Approved - 16/07/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Brazil Energy