EOLO DE NICARAGUA S.A.
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Eolo de Nicaragua is a 44 MW wind facility dedicated to power generation, operation and maintenance of wind turbines since 2012. It is in the department of Rivas, a municipality of the same name in the community of La Virgen, located on the shores of Lake Cocibolca, 123 km south of the country's capital.
What is our funding objective?
The aim of the project is to support EOLO in their efforts to protect communities from the effects of communicable diseases (such as: Dengue, Chicungunya, Zica, food borne illnesses, different forms of influenza and respiratory diseases as well as COVID-19), educate and prevent the spreading of these diseases. Eolo is proposing a long-term project that not only will have an impact during the current crisis, but that it will change habits in local communities in the long run. The project includes a program with schools to prevent communicable diseases, including improving sanitary conditions and information dissemination. The project also will provide basic equipment and supplies to a local health centre and includes protection of Eolo’s employees.
Why do we fund this investment?
The proposed project allows Eolo to reach the vulnerable population with the information and necessary techniques for mitigation and prevention of diseases and targets reducing inequalities.
More investments
| Date | Total FMO financing |
|---|---|
| 12/22/2021 | USD 12.00 MLN |
| 12/22/2021 | USD 28.00 MLN |
- Website customer/investment
- http://www.arctas.com
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Energy
- Effective date
- 8/6/2020
- End date
- 12/30/2021
- Total FMO financing
- EUR 0.04 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+