CONSORCIO EOLICO AMAYO
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
Wind Farm Electrical Generation Company of 23MW,is located in the department of Rivas, 129 kilometres south of Managua, capital of Nicaragua. The project generates 94 GWh/yr, contributing with 13% of the country’s wind generation.
What is our funding objective?
The project’s aim is to support the client in expanding the humanitarian efforts they have extended to the community by a) providing adequate and reusable medical protection equipment to 1500 health professionals serving the clinics in the Rivas community, b) providing 40,000 people from the community with cleaning supplies and face masks and c) implementing a communication campaign within the community regarding the implementation of preventive measure.
Why do we fund this investment?
The current situation in Nicaragua is quite critical without any governmental support. Therefore, the impact would be high given there is currently no adequate medical equipment in health care centres. Further, the local communities are extremely poor and if the project would not take place, there is no other way they would get any support. Their level of vulnerability is quite high and more so in a country where the government is not taking any preventive measurements, so the project targets vulnerable communities and healthcare workers of clinics.
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Energy
- Effective date
- 7/15/2020
- End date
- 7/14/2022
- Total FMO financing
- EUR 0.10 MLN
- Funding
- AEF-I
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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+