Trust Funds for the Development of Renewable Energies
The FODER is a public trust fund to act as a tool of federal energy policy. Act 27.191 and decree 882/16 expect it to Diversity as a set of public trustees to meet the following objectives:
To grant loans to organizers of renewable energies projects. The FODER may get funds for them through the contribution from the National State and through issuing debt securities.
To make capital contributions and acquisition of debt financial instruments or capital to carry out and finance elegible projects.
To grant sureties and guarantees, supported by the National State and by the World Bank, to guarantee the compliance with electrical energy sale contracts to be made by CAMMESA or by the organ appointed by the Application Authority.
To grant the generation center or its assets from the holder to the beneficiaries of the Regime of Renewable Energies Development with a right to the sell option to the National State or to the FODER, if any of the reasons for sale set forth in section 4 of Decree 882/2016 take place, substantially affecting the conditions of the investment.