Project detail - CONSORCIO EOLICO AMAYO

CONSORCIO EOLICO AMAYO

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Who is our client

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.

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 we fund this project

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
Signing date
7/15/2020
Total FMO financing
EUR 0.10 MLN
Fund
Access to Energy Fund
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+