LA MARQUESA SPANISH SOLAR PV (EIB-20230590)

Countries
  • Spain
Geographic location where the impacts of the investment may be experienced.
Specific Location
Castilla y León, Aragon, Castilla-La Mancha, Comunidad Valenciana and Andalucía
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Voting Date
Jul 15, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
SPANISH POWER SL
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 108.98 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.
Currency conversion note:
Bank reported 100
Converted using 2024-07-15 exchange rate.
Project Cost (USD)
$ 346.56 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.
Currency conversion note:
Bank reported 318
Converted using 2024-07-15 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 8, 2024

Disclosed by Bank Jun 11, 2024


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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.

According to the Bank’s website, the Project is a multi-scheme investment programme and consists of the construction and operation of 9 solar photovoltaic plants, for a total capacity of c. 387 MWp, located in the Spanish regions of Castilla y León, Aragon, Castilla-La Mancha, Comunidad Valenciana and Andalucía. The plants located Castilla-La Mancha and Comunidad Valenciana are organised in a cluster of 5 PV plants for a total capacity of c. 202MWp. The project scope includes the associated infrastructure, such as substations, and grid interconnections.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

In the EIAs potential environmental impacts have been analysed during the different phases of the PV plants (construction, operation and decommissioning). Potential negative impacts on the environment (air, water, soil), flora and fauna, cultural heritage, protected areas, landscape and socio-economic environment have been assessed, taking into account also the cumulative impacts together with nearby infrastructure and/or neighbouring plants.

During the construction phase, the main potential impacts are associated with earth works and removal of the vegetation cover, such as destruction of habitats, fatalities of species, soil erosion, GHG emission increase, dust and noise due to construction-related activities, deterioration of ground and surface water quality or visual impact. Main potential impacts expected during the operation of the PV plants are related to the fragmentation of habitats, reduction of feeding and hunting grounds, collision and electrocution of birds or bats by the transmission lines, and visual impact.

Following the implementation of these measures, most of the residual impacts are assessed as negligible or minor.

The Malaga PV plant (32MWp) and its interconnection infrastructure are located in the province of Malaga (region of Andalucia), in the municipalities of Antequera. The project will occupy ca. 40 ha. The EIA and the EIS point out some Natura 2000 sites, Zonas de Especial Protección para las Aves (ZEPA) and Zonas Especiales de Conservación (ZEC) close to the project. In particular, the ZEC “Sierra de Camarolos” (ES6170012) surrounds the left side of the plant but with no direct overlap with the protected area.

The Burgos II PV plant (66.4MWp) and its interconnection infrastructure are located in the province of Burgos (region of Castilla y Leon), in the municipalities of Belorado, Carria, Valle de Oca, Alcorero de Mola. The project will occupy ca. 206 ha. The EIA and the EIS point out some Natura 2000 sites, Zonas de Especial Protección para las Aves (ZEPA) and Zonas Especiales de Conservación (ZEC) close to the project or directly affected by the project; in particular, ZEC “Riberas del Río Oca y afluentes” (ES120073) and ZEC “Ribeiras del rio Tiron y afluentes” (ES4120075) which are close to the evacuation line (around 100 meters) but without a direct overlap.

The Sarda and Bargas Solar PV plants (36.4MWp and 54MWp for a total of 90.3MWp) and their interconnection infrastructure are located in the province of Zaragoza (region of Aragón), in the municipalities of Pozuelo de Aragón and Pedrola (Ribera Alta del Ebro). The plants are adjacent to each other forming the cluster of Sarda-Bargas. The projects will occupy ca. 210 ha together. The EIA and the EIS point out some Natura 2000 sites, Zonas de Especial Protección para las Aves (ZEPA) and Zonas Especiales de Conservación (ZEC) close to the project (c. 3km North of the PV plants) or directly affected by the project. In particular, a section of the evacuation line crosses the ZEPA “Monte Alto y Siete Cabezos” (ES2430086) for c. 4km, mostly affecting agricultural lands with a marginal impact to existing HICs (Habitats of Community Interest). The evacuation line will be buried underground.

The Ayora Solar PV cluster (5 PV plant for a total capacity of c. 202MWp) and its interconnection infrastructure are located in the province of Albacete (Castilla-La Mancha) and Valencia (Comunidad Valenciana), in the municipalities of Almansa and Ayora. The project will occupy ca. 600 ha. The EIA and the EIS point out some Natura 2000 sites, Zonas de Especial Protección para las Aves (ZEPA) and Zonas Especiales de Conservación (ZEC) close to the project (c. 1.5 km closest distance) or directly affected by the project. In particular, a section of the evacuation line crosses the ZEPA “Meca-Mugrón-San Benito” (ES0000452). In this regard, the project has been modified in order to reduce the impact on the protected area through both the displacement of the aerial section of the evacuation line outside the ZEC and the burying of c. 2km line, which remains inside the ZEC.

The EIA reports include a Climate Vulnerability Assessment based on the projects’ preliminary design, with no significant vulnerability identified for any of the PV plants. Residual risks from physical climate hazards are deemed low.

The Promoter has engaged with the landowners and, for the vast majority of the plots, has reached voluntary agreements for the Project infrastructures in the form of leases and/or surface rights or rights of way. For the pieces of land where a voluntary agreement cannot be reached, the Promoter intends to require expropriation, in line with Spanish legislation.

Recent reports are pointing out the possibility of the use of forced labour in the supply chain of solar PV panels.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Spanish Power SL is an electric utility company in Madrid, Spain.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Spanish Power SL Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

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: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

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: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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