Full Bleed Image Full Bleed Image

Single Project Single Project

Project has lapsed as of 28 July 2018.


Catalyzing private investment in sustainable energy in Argentina - Part 1

TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided


GCF results area
  • Energy generation and access
Gender benefits Train and employ unskilled or low-skilled female labour in the construction phase of the project, recruit female students in an internship at the sponsor’s corporate location in Argentina and provide assessment tools and certifications on gender equality at the corporate level. UN Sustainable Development Goal
  • #7 Affordable and clean energy

Location & People

  • Latin America and the Caribbean
  • Argentina ARG

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
  • Inter-American Development Bank Loan USD
  • Inter-American Investment Corporation Loan USD
  • B-lender and co-lenders to be mobilized by IDBG and project sponsors Loan USD
  • Project sponsors Equity USD

Project owners

Accredited Entity Executing Entity
  • Inter-American Development Bank
  • Inter-American Investment Corporation
Catalyzing private investment in sustainable energy in Argentina - Part 1 Withdrawn Est. implementation period 4.0 years
Helping Argentina finance a major move to renewables.

Argentina is endeavoring to introduce renewable energy generation at a similar scale to that of other Latin American countries. This corresponds to a desire by the Government of Argentina to reduce the country’s reliance on fossil fuels (currently accounting for 87 percent of its energy needs) in order to reduce greenhouse gas emissions and energy costs, while also enhancing energy security.

Climate change implications for improving the status quo are evident as 43 percent of Argentina’s emissions in 2012 came from the power sector. Emissions from this sector increased by 64 percent during the past decade.

The objective of this programme is to help catalyze long-term private investment in sustainable energy in Argentina. This will be done by preparing financing packages for a set of first-moving renewable energy projects. This will then demonstrate the technical and financial viability of business models to conform with laws recently adopted by the government which support renewable energy development.

Under this programme, GCF’s investment of USD 130 million is directed towards at least five renewable energy projects. The GCF investment will be provided in loans, with the option for refinancing guarantees to encourage the participation of local and international banks. GCF support joins other financial investments from the Inter-American Development Bank and Inter-American Investment Corporation.

The project has an estimated lifespan of 22 years.
Document title
Published date
ESS report FP030 - IDB - Argentina 30 Nov 2016
Approved funding proposal FP030 - IDB - Argentina 22 Mar 2017
Gender action plan FP030 - IDB - Argentina 06 Jun 2017
Gender assessment FP030 - IDB - Argentina 06 Jun 2017
Accredited Entity
  • Inter-American Development Bank (IDB) Mr. Matias Bendersky Tel: +1 (202) 623-1723 Ms. Amal-Lee Amin Tel: +1 (202) 623-1924
^ Back to top