• Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
Nacional Financiera SNC (NAFIN)
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 351.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 9, 2017

Disclosed by Bank Apr 3, 2017

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Project Description
From the EIB: The project concerns the construction of a 199.5 MW wind farm in Mexico. The wind farm comprises 95 wind turbine generators (WTGs), rated at 2.1 MW each, and associated infrastructure, including access roads, control centre and interconnection to the grid. The project aims to help meet the Mexican national target of 35% of electricity generated from renewable energy sources by 2024. It is also consistent with the EIB's objectives outside the European Union, contributing to the promotion of renewable energy generation, and will contribute to the attainment of the UN Sustainable Development Goal (SDG) on climate action. If the plant was located within the EU it would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), requiring the competent authorities to determine whether an EIA is required. Following Mexican national legislation a full EIA is mandatory for the project. Due to the specificities of the land tenancy in Mexico and the vulnerability of certain groups, the social impact will be carefully assessed at appraisal. Compliance with the EIB's environmental and social standards, with national law and EU environmental and social principles with particular reference to EU environmental horizontal directives, stakeholder engagement, access to information and impact on biodiversity and cumulative impact will also be verified at appraisal.
Investment Description
The project is an allocation under the Mexico Climate Action framework loan which will be intermediated by NAFIN (Nacional Financiera). The borrower is Nacional Financiera SNC (NAFIN), who will on-lend to an acceptable corporate. The proposed financing from the EIB is USD 40 million (EUR 37 million), part of a USD 351 million (EUR 328 million) project total.

Contact Information
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