Argentine ministries sign World Bank RenovAr guarantees

Argentine ministries sign World Bank RenovAr guarantees

Project & Infrastructure Finance Structured Finance Argentina

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

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