Engie SLL

active

The proposed investment is a 10-year, senior, unsecured, corporate finance loan of up to EUR500 million to ENGIE S.A. (ENGIE or the “Company”), a French-headquartered global utility active in electricity generation, infrastructure, and energy solutions, and the world’s 4th largest electric utility. The use of proceeds (UOP) consists of: a) financing ENGIE’s acquisition of the shares of BTE Renewables – a platform company in South Africa – owned and developed by Actis Energy Fund IV, and with assets already in operations and pipeline projects (no South African pipeline assets will be funded as part of IFC’s loan); and b) financing and refinancing several solar and wind assets in Poland that are operational, under construction and under development, as follows:    Poland:Solar PV projects, capacity & stage: - Stella (66 Projects), 64MW, operational- West Poland (7 Projects), 28MW, construction- Gizycko (2 Projects), 18MW, pipeline- Serby, 80MW, pipeline - Rejowiec, 40MW, pipeline Wind power projects, capacity & stage:- Kukinia Wind, 53MW, operational- Tychowo Wind, 50MW, operationalSouth Africa:Solar PV projects, capacity & stage:- MBP Prieska, 60MW, operational- Konkoonsies II, 84MW, operational- Aggeneys, 46MW, operationalWind power projects, capacity & stage:- Golden Valley, 120MW, operational- Excelsior Wind, 30MW, operational               Additional renewable energy projects may be developed by ENGIE and may be considered for use of IFC proceeds, following an additional risk assessment and E&S due diligence process by IFC and meeting IFC’s eligibility criteria requirements for Category B projects according to IFC’s Policy on Environmental and Social Sustainability, including no major resettlement, significant impacts to biodiversity or impacts on Indigenous Peoples (IPs).