LSPG - SAO PAULO AND RIO GRANDE DO NORTE

Promoter – Financial Intermediary

EDP RENOVAVEIS SA

Location

• Brazil

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