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The World Bank's Executive Board last week approved a new $250 million pledge "designed to contribute to the renewable energy base and mitigate climate change.
"
The World Bank's guarantee aims to promote private investment
through the Renewable Energy Fund (FODER) under the RenovAr program of the Argentine Ministry of Energy and Mines.
"After the successful experience of Rounds 1 and 1.
5 of the RenovAr program, we are very honored to continue to receive the support of the World Bank to reaffirm the path taken by our country with the aim of guaranteeing diversification of the energy matrix and reducing climate change changes
," said Sebastian, Argentina's Deputy Secretary of State for Renewable Energy.
”
The guarantee will be in addition to the World Bank's first $480 million guarantee, which came into effect
last August.
"Once again, we are working with Argentina to create an environment conducive to private sector participation in renewable energy financing, working to promote the sustainable use of its natural resources, and helping the country achieve its climate change mitigation goals
," said Jesko Hentschel, World Bank Head of Latin America.
”
The World Bank's Executive Board last week approved a new $250 million pledge "designed to contribute to the renewable energy base and mitigate climate change.
"
The World Bank's guarantee aims to promote private investment
through the Renewable Energy Fund (FODER) under the RenovAr program of the Argentine Ministry of Energy and Mines.
"After the successful experience of Rounds 1 and 1.
5 of the RenovAr program, we are very honored to continue to receive the support of the World Bank to reaffirm the path taken by our country with the aim of guaranteeing diversification of the energy matrix and reducing climate change changes
," said Sebastian, Argentina's Deputy Secretary of State for Renewable Energy.
”
The guarantee will be in addition to the World Bank's first $480 million guarantee, which came into effect
last August.
"Once again, we are working with Argentina to create an environment conducive to private sector participation in renewable energy financing, working to promote the sustainable use of its natural resources, and helping the country achieve its climate change mitigation goals
," said Jesko Hentschel, World Bank Head of Latin America.
”
