Argentina
News

Green Climate Fund approves US$133mn Argentina energy loan

Bnamericas Published: Friday, December 16, 2016
Green Climate Fund approves US$133mn Argentina energy loan

The Green Climate Fund (GCF), in partnership with the Inter-American Development Bank, approved a US$133mn loan to foment private investment in sustainable energy in Argentina.

Argentine energy minister Juan José Aranguren (pictured) announced the financing on Thursday, with GCF confirming the news Friday in a statement.

State news service Télam quoted Aranguren as saying that the country will reduce energy consumption by an expected 15% versus a business-as-usual scenario between now and 2025 through efficiency measures.

Aranguren also said that by the end of President Mauricio Macri's first term in December 2019, the country will have added 3GW renewable and 3GW thermal generating capacity through a series of tenders.

RELATED: Argentina wind sector gaining momentum as Brazil cools off

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Electric Power (Argentina)

Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Electric Power (Argentina)

Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Siemens S.A.  (Siemens Argentina)
  • Siemens Argentina is the local unit of German electrical engineering and electronics firm Siemens. Siemens has been present in the country since 1857 and has offices in Buenos A...
  • Company: Pampa Energía S.A.  (Pampa Energía)
  • Founded in 2005, Pampa Energía is an Argentine integrated energy company owned by Grupo Emes. The company engages in the generation, transmission, and distribution of electricit...
  • Company: Ledesma S.A.A.I  (Ledesma)
  • Ledesma S.A.A.I is an Argentine agribusiness company specializing in the production of sugar and paper, also acting in the fruit, juice, meat, cereal, alcohol, corn syrup and st...
  • Company: Industrias Juan F. Secco S.A.  (Secco)
  • Founded in 1936, Secco is an industrial equipment provider, present in Argentina, Chile, Bolivia and Uruguay. Today, the company provides its services through four essential bus...
  • Company: IMPSA S.A.  (IMPSA)
  • IMPSA S.A. is an Argentine group that provides integrated solutions for power generation with renewable resources, equipment for the process industry and nuclear energy. The com...
  • Company: Genneia S.A.  (Genneia)
  • Argentina's Genneia, formerly known as Emgasud, is engaged in natural gas distribution and transmission and electricity generation. The firm also designs and develops energy pro...
  • Company: Grupo Pluspetrol  (Pluspetrol)
  • Founded in 1977, Argentine oil firm Pluspetrol S.A. is engaged in the exploration and production of oil and gas, particularly of unconventional resources. In Latin America, Plus...