August 14, 2017
Argentina has signed a $480m agreement with the World Bank for guarantees to sponsors involved in the country's RenovAr 1 and 1.5 power project initiative.
The Ministry of Energy and Mining, along with the country's Ministry of Finance signed the agreement, enabling future project sponsors to tap into the guarantees, available through Argentina's Fondo de Desarollo de Energias Renovables (FODER).
The World Bank approved the guarantee package back in March.
So far, 27 projects have requested
Multilateral will provide up to $480m in backing for project sponsors involved in the country's renewable energy investment program