PV Llanos 3 (IDBI-13420-01)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Departamento de Villavicencio, Puerto Gaitán
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 14, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Bosques Solares de los Llanos 1, S.A.S. E.S.P Bosques Solares de los Llanos 2, S.A.S. E.S.P
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 31.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS May 11, 2021

Disclosed by Bank May 10, 2021


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Project Description

The project consists of the provision of long-term financing for three 81.7 megawatt peak ("MWp") photovoltaic power plants from Matrix Renewables Colombia S.A.S (the "Sponsor"). The plants are located in the Department of Villavicencio, Puerto Gaitán, Colombia (the "Project"). The Project will sell 100% of the energy generated through a 15-year bilateral purchase agreement with Vatia S.A. E.S.P.

IDB Invest will participate in the financing for an approximate amount of USD 31 million equivalent for a term of up to 18 years. IDB Invest will mobilize mixed financing resources for the subordinate tranche for the subordinate tranche. A commercial bank loan will complete the financing. Through this operation, IDB Invest seeks to contribute to the Colombian government's objective of diversifying and improving the security of the country's energy matrix, through the development of renewable solar energy sources.

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

The contact information was not available at the moment of the snapshot.