The project will assist Argentina in removing key barriers to energy conservation in the street lighting sector. These barriers to energy conservation in the street lighting sector. These barriers include lack of information about viable energy saving opportunities in street lighting, access to commercial sources of financing, and increased transaction costs for initial installations. More specifically, the project will enable the development, structuring and financing of viable model transactions that demonstrate innovative mechanisms to overcoming identified market barriers. These mechanisms have a high replication potential in the Argentinean markets and could also be introduced in other street lighting market with a high energy savings potential. Projected annual energy savings after barrier removal exceed 1450 GWh.
Efficient Street Lighting Program
Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
IFC
Implementing organisations
World Bank
Project ID
569
GEF project type
Medium size
GEF project phase
GEF - 2
GEF project grant
$736.250
Executing Agencies
IFC