'IFC was a catalyst for Argentine renewables - now others are following'

What has IFC's role been in supporting the RenovAr renewable energy programme so far?

Originally it was a joint effort by the World Bank and IFC for the design of the renewable energy auctions, mainly towards drafting terms that would be acceptable for the PPAs and to help structure the bidding process.

The main issues that we were looking at were tailoring the bidding criteria, including things such as international arbitration, ensuring that IFC performance standards would be applied to the projects, and including other bankable criteria.