Four IDB Invest infrastructure projects are recognized among the best of 2017 by IJGlobal
Four IDB Invest projects in Uruguay, Brazil, Mexico and Chile were awarded as the most outstanding of the year by IJGlobal magazine, specializing in infrastructure and project financing. These awards highlight the best transactions of 2017, as well as the companies and institutions that have supported them.
The IJGlobal awards recognize a select number of corporations every year who are leaders in diverse regions and areas of expertise. IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, finances sustainable projects and companies for the economic development of the region.
The IDB Invest projects recognized by IJGlobal were:
- Melo-Tacuarembó – named Latin America Transmission & Distribution Deal of the Year. It is the first public-private partnership project for energy transmission in Uruguay. The total cost of the project, $96 million, was financed with an A/B-loan from IDB Invest and has been a key operation for the sustainable evolution of the country's energy matrix.
- Pirapora –selected as Latin America Multisource Financing Deal of the Year. The participation of IDB Invest in this solar plant in Brazil was through a short-term loan line in Brazilian reais, which financed the construction costs. The operation was completed with three bridge loans from local commercial banks. The project contributes to the development of the photovoltaic sector and the evolution of the capital markets of the country.
- Solem Solar PV Complex – awarded as Latin America Solar Deal of the Year. It is the largest solar plant of this type in Latin America and the first closed operation in Mexico after its energy reform. The IDB Invest financial package was an A-loan of $75 million. The project is key to the diversification of the country's energy source.
- Aela – chosen as Latin America Onshore Wind Deal of the Year. The project represents a milestone in the generation of energy in Chile because it includes three wind farms in three strategic geographic areas, which will sell energy to 26 Chilean distributors. The size of the project made the participation of IDB Invest, with an A-loan of $135 million, necessary to ensure financial viability.
The awards ceremony took place on March 15 in New York, at a ceremony attended by representatives of financial institutions and international infrastructure companies.
About IDB Invest
IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting the private sector in Latin America and the Caribbean. It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of $11.2 billion under management and 330 clients in 23 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. As of November 2017, IDB Invest is the trade name of the Inter-American Investment Corporation. www.idbinvest.org
IJGlobal is the platform for market makers to develop key relationships and partnerships to generate leads, build business and deliver projects. Access IJGlobal’s insight online via our subscription service and in person at our exclusive forums and events or prestigious awards. Whatever the source of funding, whatever the project structure, IJGlobal brings key industry participants together. IJGlobal gives you access to a team of experts and the largest database in the industry. By tracking projects throughout the lifecycle, IJGlobal provides detailed information on financial structure, policy, pricing and key players influencing transactions and trends. Our services enable you to manage risk, identify leads, raise your market profile, secure investment and ultimately win more deals. www.ijglobal.com