Argentina

World Bank approves US$480 million guarantee for Argentina’s RenovAr programme

The World Bank will support the Fund for the Development of Renewable Energies (FODER). Credit: MINEM
The World Bank will support the Fund for the Development of Renewable Energies (FODER). Credit: MINEM

The World Bank has approved a 20-year US$480 million guarantee for Argentina’s flagship renewable energy plan, known as the RenovAr programme.

Under RenovAr, Argentina has already seen two highly successful renewable energy auctions in which the government was shocked by the high levels of interest in solar PV – enough to make it expand the capacity available for solar from 300MW to 400MW in the first round.

The World Bank will now support the Fund for the Development of Renewable Energies (FODER), which was created to facilitate the financing of projects under the RenovAr Programme. Related technologies include…

Categories