X-Elio Solar PV Project (IADB-ME-L1281)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Specific Location
Guanajuato, Chihuahua, Morelos.
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
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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.
Voting Date
Dec 14, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
X-Elio Energy
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 14.96 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ IADB website

Updated in EWS Jan 8, 2018


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Project Description
From the IDB: The X-Elio's Solar Projects consist of the design, construction, commissioning and operation of three (3) solar PV plants with a combined capacity of 244MWp (70MWp Guanajuato Solar Project + 92MWp Chihuahua Solar Project + 81MWp Xoxocotla Solar Project) that will connect into the Mexican Comision Federal de Electricidad ("CFE") national grid system; and all associated transmission and interconnection facilities. The Project is being developed by X-ELIO Energy, S.L. ("X-Elio" or the "Sponsor"), in (i) Los Rodriguez, San Miguel de Allende (Guanajuato), (ii) Ascension, Suarez (Chihuahua) and (iii) Xoxocotla (Morelos) in Mexico."
Investment Description
  • Inter-American Development Bank (IADB)
This investment consists of two private sector loan operations, one listed from the Currency Pooling System (CPS) and the other from the CHC Fund. The Canadian Climate Fund (C2F) Loan is approximately 7% of the IDB Group Financing.
Private Actors
Contact Information
ACCOUNTABILITY MECHANISM OF IADB 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).