Acciona SLL (IFC-49690)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Brazil
  • Peru
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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
A
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
Dec 4, 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
Acciona Financiacion Filiales S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
  • Transport
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)
$ 600.00 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.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS May 10, 2025

Disclosed by Bank Oct 3, 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 proposed investment is a 7-year green and sustainability-linked loan (“SLL”) for up to US$600 million to Acciona Financiacion Filiales S.A., a wholly owned financing vehicle of Acciona, S.A. (the “Sponsor”). The loan will finance sustainable infrastructure projects owned by the Sponsor in emerging markets, including but not limited to Peru and Brazil, under Acciona’s Sustainable Impact Financing Framework. The loan will be linked to sustainability indicators and is part of a broader global partnership between Acciona and IFC to promote sustainable infrastructure in emerging markets.

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.

This is a Category A project as per IFC's Policy on E&S Sustainability, as the project activities have the potential to cause significant adverse E&S risks and/or impacts that are diverse, irreversible, or unprecedented. The categorization is mainly derived from: potential residual impacts of past resettlement carried out by the previous Metro Line 6 concessionaire; potential impacts on communities related to land use change (in easement areas) for the TL subprojects in Peru; and potential bird collisions with TLs in Peru. 

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

The investment will consist of up to: (i) US$250 million for IFC’s own account (A Loan); and (ii) US$350 million in mobilization through B1 and/or Parallel Loans. The investment will have a first tranche of US$414mn to finance metro line 6 in Sao Paulo (transport) and three power transmission projects in Peru (energy) (together, the “Projects”). A second tranche of US$186mn will be processed at a later stage to finance other global sustainable infrastructure projects, which comply with IFC’s Performance Standards and meet defined E&S eligibility criteria.

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.

Acciona Financiacion Filiales is wholly owned by Acciona SA., which is publicly listed on the Spanish stock exchange. Acciona is a large international infrastructure corporate with operations across multiple regions and subsectors including renewable energy generation, construction, concessions, turbine manufacturing, and others. Acciona has a strong commitment towards sustainability, being one of the largest companies exclusively generating renewable energy. In 2016, Acciona became the first company in the energy and infrastructure sectors to achieve carbon neutrality.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Acciona Financiacion Filiales S.A. Client -
- - - - Acciona S.A. Parent Company -

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.

Acciona, S.A.
Pilar Sanchez de Ibarguen Carmona
Financing Director
+34 91 663 28 50
inversores@acciona.com
28033, Madrid - Spain
acciona.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works