Green financing in Santa Fe to support innovation in renewables and energy efficiency

Reading time: 5 minutes
18 July 2018
Santa Fe case study

Santa Fe’s industrial sector depends largely on natural gas for its operations. So to promote investment in renewable energy and energy efficiency, the province launched the Green Credit Lines program to finance the generation of renewable energy, the production of equipment or component parts for renewable power generation and for energy efficiency projects in the industrial sector.

This green financing option is intended for local small and medium-sized enterprises (SMEs). It is a joint initiative between the Secretariat of State for Energy of the province and the Municipality of Rosario, executed through the Municipal Bank of Rosario – a public bank of the province – in charge of managing the loans granted. The Undersecretariat of Renewable Energy supports applicants with the technical evaluation of projects, once pre-selected, these can be presented to the Bank for processing.

Announced in 2014, the first phase of the program had an initial quota of ARS 50 million, financing up to 80% of the total investment project at a preferential rate of 18%. The second phase announced in 2016, has a quota of ARS 40 million and a preferential rate of 17%, to be paid in 36 instalments, and a minimum investment of ARS 40,000 per project.

To find out more, read the full case study below. This case study is part of a series from our Policy Action work, which aims to accelerate the pace of climate policy development and adoption in states and regions. To see more innovative climate policies from around the world, check out our Under2 Policy Action Map.

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