Sustainable Energy for the World: Developing Sustainable Energy Projects

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Sustainable Energy for the World Developing
Sustainable Energy Projects
Rachel Robboy, Principal Investment
Officer Structured and Corporate Finance
Department
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The Eurus Wind Power Project Description

• The Project 250 MW wind power plant located in
  Oaxaca, Mexico with a 20-year power purchase
  agreement with Cemex Mexico being developed under
  Mexicos self supply energy framework
• Total Cost US535 million
• Sponsor Acciona Energia S.A.
• Financing
• US50 million IDB A Loan
• US30 million from the Clean Technology Fund out
  of the Climate Investment Fund
• US75 million from IFC Loans
• Additional debt from other development finance
  agencies and commercial banks

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The Eurus Wind Power Project Role of IDB

• Upstream Intervention
• Bank support for the Government of Mexicos
  climate change agenda through policy based loans
  to develop the regulatory and institutional
  framework for renewable energy
• Technical cooperation funding for a series of
  studies regarding the energy pricing structure
  for renewables
• Funding through the Clean Technology Fund of the
  Climate Investment Fund to undertake a
  comprehensive assessment of opportunities for
  attracting carbon finance for renewable energy
  and energy efficiency

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The Eurus Wind Power Project Role of IDB

• Project Specific Interventions
• Financial additionality
• Long-term loan to specific project
• Resource mobilization from other development
  finance institutions
• Demonstration effect
• One of first private win farms in Mexico
• One of first CTF loans in LAC
• Largest wind farm in LAC
• Environmental and social additionality
• Cumulative study to assess impact on birds and
  bats in project vicinity
• MDB support for local Ejido land owners

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The Eurus Wind Power Project Consultants

• Market Analysis
• Independent Engineer and wind analytics
• Site specific certification
• Legal advisory from local and international
  counsel
• Insurance advisory
• Environmental analysis
• Cumulative impact study on birds and bats

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