X-Elio's Solar Projects (IIC-11894-02)

  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Specific Location
Guanajuato, Morelos, Chihuahua
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.
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."
Voting Date
Dec 5, 2017
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.
FV Mexsolar I, FV Xoxocolta, Conejos Médanos
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)
$ 139.34 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.
Other Related Projects
Primary Source

Original disclosure @ IIC website

Updated in EWS Sep 20, 2018

Disclosed by Bank Oct 6, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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 following are the projects under the X-Elio's Solar Projects: 

Project Name: Guanajuato Solar PV Project
Borrowers:  FV Mexsolar I, S.A.P.I. de C.V.;
FV Mexsolar II, S.A.P.I. de C.V.;
Sponsoring Entity: (if any) X-ELIO Energy, S.L.
Financing Requested:  Approximately US$45,347,000
Project Location: Los Rodriguez, San Miguel de Allende (Guanajuato)

Project Name: Xoxocotla Solar PV Project
Borrowers:  X-Elio FV Xoxocolta, S.A.P.I de C.V.
Sponsoring Entity: (if any) X-ELIO Energy, S.L.
Financing Requested:  Approximately US$ 44,071,000
Project Location: Xoxocotla, Ayala (Morelos)

Project Name: Conejos - Terranova Solar PV Project
Borrowers:  Conejos Médanos S.A.P.I de C.V
Sponsoring Entity: (if any) X-ELIO Energy, S.L.
Financing Requested:  Approximately US$49,927,000
Project Location: Municipality of Juarez, Chihuahua State, Mexico

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

The financial plan is expected to include Inter-American Investment Corporation ("IIC") and Inter-American Development Bank ("IDB") loans and co-loans from the China Co-Financing Fund for Latin America and the Caribbean ("China Fund"), the Canadian Climate Fund for the Private Sector in the Americas ("C2F") and the Instituto Credito Oficial ("ICO"), with 20-year door to door tenors, while a commercial bank tranche which will have a 16-year tenor.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - FV Mexsolar I, S.A.P.I. de C.V Undisclosed -
- - - - FV Mexsolar II, S.A.P.I. de C.V Undisclosed -
- - - - X-ELIO Energy 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.

Project Contact: Carlos Egido
Country Manager México, X-Elio
Phone number: T.- (+52) 55 4976 0988 , C.- +(52) 1 55 4838 9722
Email address: carlos.egido@x-elio.com


The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works