Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Uruguay
Location: Young, Río Negro, Mercedes, Soriano
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.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Status: U
Bank Risk Rating: B
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.
Board Decision Date: 2016-06-28
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 or Client: Natelu S.A. / Yarnel S.A.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 12.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 17.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Share This Page

 

Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-05-23
Yarnel
IIC-UR3869A-01

Project Description
The Project consists of the construction, operation and maintenance of two solar power plants and any related facilities, with an installed capacity of 9.5MW each. The plants will use Korean Hanwa Q-Cells photovoltaic panels, mounted over fixed structures and connected to inverters to provide power to the 31.5 kV distribution line grid of the Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE).
Investment Description
The financial plan includes an IIC and Canadian Climate Fund (C2F) loan for 75% of the total cost of each Project (50% each entity). The Project will be sponsored by Solaria Energía y Medio Ambiente S.A., a Spanish company established in 2002 and listed on the Madrid Stock Exchange
Contact Information
For inquiries about this project, contact divulgacionpublica@iadb.org ACCOUNTABILITY MECHANISM OF IDB/ IIC 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).