• Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
State of Paraíba
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
  • 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 34.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 95.46 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 12, 2022

Disclosed by Bank Aug 12, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.


The project consists of a solar photovoltaic (PV) plant with an installed capacity of 149 MWp. The solar PV plant is in the State of Paraiba, in the northeast of Brazil. The operation consists of an allocation under Framework Loan Neoenergia Green Renewable Energy Generation FL (2021-0506).


If located in the EU, these plants and associated grid connection infrastructures would be included in the 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.

The plants included in this sub-project are also subject to EIA processes in Brazil. However, they are considered of low impact by the Brazilian regulator and allowed to follow a simplified process which entails the redaction of a simplified environmental impact report and a simplified public consultation process.

The Bank, assisted by an environmental and social (E&S) consultant, will assess during appraisal the compliance of the Project's E&S aspects and permitting processes, including public consultations, with the Bank's environmental and social standards and principles of the EU directives.


The sub-project under the signed FL is expected to contribute to the Bank's priority objectives for energy sector lending related to renewable energy sources and Climate Action, and is in line in particular with the Green Deal Team Europe-Brazil Initiative (the sub-initiative on Sustainable and Smart Cities with a focus on renewable energy).

The sub-project is expected to be well aligned with the UN 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), address goal 5 (Gender Equality).

Additionally, the Brazilian government, in the context of the country's Nationally Determined Contribution (NDC), has determined a target of 37% reduction of GHG emissions below 2005 levels by 2025 (as well as a 43% reduction in 2030), to which the sub-project will contribute.


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

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address:, by completing the online complaint form available at the following address:, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check:

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at:

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