Acciona.org Residential Solar PV Project in the Peruvian Amazon

approved

The proposed transaction consists of a long-term loan from IDB Invest to Acciona.org Perú, a non-profit organization, subsidiary of Grupo Acciona, specializing in providing energy solutions to isolated rural communities in Peru. This financing will support Acciona.org Peru's expansion plan, which includes: (i) the installation of third-generation residential photovoltaic systems (“SFD3G”) in new Peruvian isolated communities; (ii) the replacement of second-generation residential photovoltaic systems (“SFD2G”) with more efficient SFD3G units; and (iii) the development and operation of new microgrids with centralized photovoltaic generation, battery storage, and smart energy metering.The financing package consists of: (i) a senior IDB Invest A loan of up to US$4 million; and (ii) a US$3.5 million Blended Finance senior loan provided by funds managed by IDB Invest ("the Blended Finance Loan"). The Financing will consist of a 12-year door-to-door loan.