BICE outlines RenovAr commitments

BICE outlines RenovAr commitments

Project & Infrastructure Finance Loans Argentina

Argentina’s Banco de Inversion y Comercio Exterior (BICE) has committed $200m towards the RenovAr renewable power program, the trade bank said in a statement. The development and export credit agency will provide 15-year loans with a two year grace period. Developers from the RenovAr program will be able to solicit a maximum of ARS200m (USD 11.6m) per project and an amount not to exceed 70% of the total project investment. This includes projects from last year’s RenovAr 1 and 1.5 initiatives,

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