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projectFP064

Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments

9110338
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results areas
  • Energy generation and access
  • Buildings, cities, industries and appliances

Location & People

Region
  • Latin America and the Caribbean
Country
  • Argentina ARG

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
Co-Financing
  • Banco de Inversión y Comercio Exterior S.A. (BICE) Loan USD
  • Banco de Inversión y Comercio Exterior S.A. (BICE) Grant USD
  • Inter-American Development Bank (IDB) Grant USD

Project owners

Accredited Entity Executing Entity
  • Inter-American Development Bank (IDB)
  • Banco de Inversión y Comercio Exterior S.A. (BICE)
Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments Approved March 2018 Est. implementation period 5.0 years
Scaling up investments by Argentinian Small and Medium-sized Enterprises (SMEs) in renewable energy and energy efficiency. 

The government of Argentina is increasing the share of renewable energy in the country's energy mix to 20 percent by 2025, and will reduce energy consumption by 5.9 percent by 2025. About 43 percent of Argentina's greenhouse gas emissions come from the energy sector. The country experiences market barriers in the financing of renewable energy and energy efficiency investments.

This project focuses on SMEs as they are large users of energy, thereby providing opportunities to promote investments in biogas, biomass and increasing energy efficiency. It will strengthen the capacities of financial institutions, SMEs and energy and technology providers. This will help SMEs identify and invest in renewable energy and energy efficiency. The project will focus on breaking down market barriers in these sectors.

The project has an estimated lifespan of 5 years.
Type
Document title
Published date
Gender assessment FP063 - IDB - Paraguay 22 May 2018
ESS report FP064 - IDB - Argentina 22 Feb 2018
Approved funding proposal FP064 - IDB - Argentina 27 Mar 2018
Gender assessment FP064 - IDB - Argentina 22 May 2018
Gender action plan FP064 - IDB - Argentina 23 May 2018
Accredited Entity
  • Inter-American Development Bank (IDB) Mr. Matias Bendersky Tel: +1 (202) 623-1723 Ms. Amal-Lee Amin Tel: +1 (202) 623-1924
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