ENEL LATAM - PERU GENERATION

Promoter – Financial Intermediary

ENEL GREEN POWER PERU SAC

Location

• Peru

Description

Allocation under the ENEL ENERGY EFFICIENCY & RENEWABLES FL supporting the development of renewable energy generation projects in Peru.

Objectives

The project consists of the construction and operation of two renewable energy generation plants, in Peru. The 123 MW Clemesi Solar Photovoltaic project located in the Moquegua District (Moquegua Region); and the 165 MW extension of the operating Wayra Onshore Wind project located in the Marcona District (Ica Region); both projects being the extension of the Rubí Solar Power Plant and the Wayra I Wind Farm, respectively, currently in operation.

Sector(s)

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

Proposed EIB finance (Approximate amount)

USD 130 million (EUR 122 million)

Total cost (Approximate amount)

USD 260 million (EUR 244 million)

Environmental aspects

The project intends to generate environmental benefits by supporting new renewable energy generation plants that help to mitigate climate change. If the renewable energy plants were located within the EU they would fall under Annex II of the EIA Directive 2014/52/EU amending the Directive (2011/92/EU), requiring the competent authorities to determine whether an environmental impact assessment (EIA) is required. Following Peruvian national legislation, a full EIA is mandatory for such projects, and thus, it has been carried out by the Promoter. The processes and their conclusions will be assessed at appraisal. Compliance with the EIB's environmental and social standards and amongst others, the principles of relevant EU Directives, will be verified at appraisal.

Procurement

The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Status

Under appraisal - 27/04/2022