FP064
Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments
Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments
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.
Project timeline
Pipeline
14 Jun 2017 - 261 days
Funding proposal received
14 Jun 2017
Cleared by GCF Secretariat
30 Nov 2017
Cleared by iTAP
06 Feb 2018
Approved
01 Mar 2018 - 328 days
Approved by GCF Board
01 Mar 2018
Legal opinion on AE's Internal Approval
28 Jul 2018
FAA executed
24 Dec 2018
Under implementation
22 Jan 2019 - 2,160 days so far
FAA effective
22 Jan 2019
Disbursement - USD 3,000,000
11 Mar 2019
Disbursement - USD 45,000,000
22 Jul 2019
Disbursement - USD 55,000,000
13 Dec 2022
To be completed
22 Jan 2027 - 764 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 100,000,000 |
| Grant | USD 3,000,000 |
| Total GCF Financing |
|---|
| USD 103,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 60,000,000 |
| Co-Financing | Grant | USD 250,000 |
| Co-Financing | In-kind | USD 600,000 |
| Total Co-Financing |
|---|
| USD 60,850,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Inter-American Development Bank
Chief, Resource Mobilization Division
1300 New York Avenue, NW, 20577., Washington DC, United States
Lead Climate Change Specialist
1300 New York Avenue NW, Washington, D.C., United States
More contacts
National Designated Authority
Under-Secretary of International Financial Relations for Development of the Ministry of Economy
Undersecretary of International Financial Relations
Hipólito Yrigoyen 250, Buenos Aires, Argentina
Advisor
Hipólito Yrigoyen 250, Buenos Aires, Argentina
Advisor
Hipólito Yrigoyen 250, Buenos Aires, Argentina