ENEL GREEN POWER PERU

Promoter – Financial Intermediary

ENEL GREEN POWER SPA

Location

• Peru

Description

Financing Enel Green Power's investment programme for the development, construction and operation of a wind farm and a solar photovoltaic (PV) park in Peru with a total installed capacity of about 312MW

Objectives

The operation contributes to the addition of clean, renewable energy generation in Peru pursuant to the UN Sustainable Development Goals (SDGs) of ensuring access to affordable, reliable, sustainable and modern energy for all (SDG 7) and taking urgent action to combat climate change and its impact (SDG 13). The operation is eligible under the Bank's Climate Action and Environment Facility 2014-2020 and will contribute to the Bank's climate action lending objectives.

Sector(s)

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

Proposed EIB finance (Approximate amount)

USD 150 million (EUR 129 million)

Total cost (Approximate amount)

USD 331 million (EUR 284 million)

Environmental aspects

The environmental impact assessment (EIA) procedures carried out to date and the environmental management plans, including the mitigation measures to be applied during construction and operation and any potential residual gaps ensuing from the start of works, will be assessed in light of the Bank's environmental and social standards.

Procurement

The EIB's Private Sector Procurement Guidelines will be followed for the project.

Status

Signed - 29/11/2017