GCF approves US$130 million loan for Argentina’s RenovAr programme

Facebook
Twitter
LinkedIn
Reddit
Email
The loan aims to spur private investment in clean energy over the next 15-18 years. Credit: Latam

The board of the Green Climate Fund (GCF) has approved a loan of US$130 million for projects awarded in Argentina’s RenovAr renewable energy programme.

The loan aims to spur private investment in clean energy over the next 15-18 years. It will be managed by the Inter-American Development Bank (IDB Group) through the Inter-American Investment Corporation (IIC).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

A release from Argentina’s Ministry of Energy and Mines (MEM) stated: “The cost of financing by the GCF to the projects may be of a concessional nature as agreed by the parties in each case. In addition, the programme includes an amount of US$3 million for institutional strengthening and technical cooperation activities focused on the renewable energy sector in Argentina.”

Argentina’s RenovAr 1 and RenovAr 1.5 aucitons earlier this year have already seen strong interest and significant oversubscription from developers looking to install PV in the South American country.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA