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Summary sheet

Release date
2 May 2022
Status
Reference
Approved | 08/12/2022
20210594
Project name
Promoter - financial intermediary
BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II)
NEOENERGIA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 166 million
EUR 348 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project consists of two clusters of onshore wind farms between 14 and 49 MW each. The first wind cluster is located in the Brazilian State of Paraiba in the northeast of the country, and is composed of eight sub-projects for a total installed capacity of 232 MW. The second wind cluster is located in the Brazilian States of Piaui and Bahia in the northeast of the country, and is composed of four sub-projects for a total installed capacity of 192 MW. The aggregate installed capacity is of 424 MW. The operation consists of an allocation under Framework Loan Neoenergia Green Renewable Energy Generation FL (2021-0506).

The project is expected to contribute to the External Lending Mandate 2014-2020 and Climate Action and Environmental Facility objectives including climate change mitigation. The operation is well aligned with the United Nations Sustainable Development Goals 7 (Affordable and Clean Energy) and 13 (Climate Action) and, by mainstreaming job creation, empowerment of woman entrepreneurship and gender equality (as per the Promoter's mother company's current policies and future plans), addresses goal 5 (Gender Equality). The operation will also contribute to the EIB's priority objectives for energy sector lending related to renewable energy sources, in line with the EIB's Energy Lending Criteria and its Climate Action objectives, and in particular with the Green Deal Team Europe-Brazil Initiative (in particular the Sub-Initiative on Sustainable and Smart Cities).

Additionality and Impact

This 100% Climate Action operation aims at partially financing wind parks in several Brazilian States by Neoenergia, a leading energy provider in Brazil and part of the Iberdrola Group.

 

This project addresses the Bank's priority objectives by promoting Renewable Energy and Climate Action. It contributes to Brazil's Intended Nationally Determined Contribution (NDC) and supports the provision of affordable energy, ensuring clean energy at a lower price than that from fossil sources.

 

The operation is fully in line with national and EU priorities. Climate change and investments in environmental technologies are key priorities of the EU-LAC relations. In accordance with the Green Deal Team Europe-Brazil Initiative (in particular the Sub-Initiative on Sustainable and Smart Cities), it promotes electricity from a renewable source (onshore wind), addressing the market failure of negative climate and environmental externalities, through the reduction of carbon emissions and air pollution (compared to the avoided fossil fuel based generation).

 

Neoenergia benefits from flexible financing conditions, such as a long tenor and disbursement in either EUR or USD with a fixed and floating interest rate. The EIB's participation ensures high standards of social and environmental due diligence and fair procurement procedures, improving bankability with its expertise on the financing structure.

Environmental aspects
Procurement

If the plants were located within the EU, they would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2014/52/EU amending the 2011/92/EU), requiring the competent authorities to determine whether an EIA is required. A number of gaps were identified with respect to compliance with EIB's Environmental and Social Standards for projects subject to a comprehensive environmental and social assessment. All such gaps are being addressed by the Promoter. The Promoter's capability to implement the projects in compliance with the EIB's Environmental and Social Standards is deemed acceptable.

It is required from the Promoter to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement. The EIB will not finance plants for which the procurement process is impacted by local content requirements non-compliant with the above mentioned Guide to Procurement.

Under ELM Guarantee

This operation is covered by the ELM Political Risk Guarantee.

Related documents
Related projects

Disclaimer

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

Documents

Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudio Inicial e de Previsao do Impacto Sonoro de Complexo Eólico na Paraiba
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156680113
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Relatório Ambiental Simplificado - Linha de Transmissão - Paraíba
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156683616
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Lagoa - Ambiental Simplificado
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156672082
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Canoas - Mapas
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156672852
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Chafariz - Relatório de Detalhamento dos Programas Ambientais
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156677039
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Canoas - Relatório Ambiental Simplificado
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156669864
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Lagoa - Mapas
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156674010
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Chafariz - Relatório Ambiental Simplificado - Volume I
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156674057
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Chafariz - Relatório Ambiental Simplificado - Volume I
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156677132
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Chafariz - Relatório Ambiental Simplificado - Volume II
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156676592
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólicos Chafariz 1,2,3 - Mapas
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156676883
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Ventos de Arapuá 1,2,3 - Relatório Ambiental Simplificado
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156680614
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólico Ventos de Arapuá 1,2,3 - Mapas
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156679109
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Parque Eólicos Chafariz 6,7,8 - Mapas
Publication Date
3 May 2022
Document language
Main Topic
Lending
Document Number
156680506
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 5
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156746591
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 6
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156759411
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 21
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156754889
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 22
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156759408
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudo Ambiental para Atividades de Pequeno Impacto (EPI) - Parque Eólico Oitis 22
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156734513
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 2
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156754587
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 10
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156746604
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis I
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156736568
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 4
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156744420
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 5
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156758472
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 2
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156738668
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 6
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156741815
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 8
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156754890
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 9
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156736385
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 3
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156745646
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 4
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156758375
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 7
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156742915
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 1
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156754790
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 7
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156760653
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 3
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156744755
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 9
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156757891
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Plano Básico Ambiental - Parque Eólico Oitis 10
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156760836
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudo Ambiental para Atividades de Pequeno Impacto (EPI) - Parque Eólico Oitis 21
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156738632
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudos Ambientais - Parque Eólico Oitis 8
Publication Date
5 May 2022
Document language
Main Topic
Lending
Document Number
156743520
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Linha de Transmissão - Estudo de Impacto Ambiental - Oitis 1
Publication Date
4 May 2022
Document language
Main Topic
Lending
Document Number
156770515
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Linha de Transmissão - Plano de Controle Ambiental - Oitis 1
Publication Date
6 May 2022
Document language
Main Topic
Lending
Document Number
156772311
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II) - Estudo do Impacto Sonoro - Parque Eólico Oitis
Publication Date
6 May 2022
Document language
Main Topic
Lending
Document Number
156774730
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - BRAZILIAN RENEWABLE PORTFOLIO (NEOENERGIA FL II)
Publication Date
13 Dec 2022
Document language
Main Topic
Lending
Document Number
160740969
Document Focus
Environmental Information
Project Number
20210594
Sector(s)
Countries
Publicly available
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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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