Skip to main content

The iTrust will provide customized, program-based guarantees designed to enhance bankability and promote competition with minimal fiscal and financial impact

We are implementing the International Guarantee Trust Fund for Renewable Energy (iTrust) with the purpose of providing customized program-based guarantees to be automatically granted to all renewable energy projects awarded in eligible participating public auctions.

Effectively designed guarantees are a very robust instrument to mitigate actual and perceived risks, resulting in lower weighted average cost of capital; longer debt tenors; and improved project cash flow stability, predictability, and bankability.

iTrust Graphic
point 01

Guarantees lower actual and perceived risks, improving credit ratings and leading to:

  • More lending available
  • Lower interest rates
  • Longer tenors for loans
point 01

Improved economics and competition result in lower prices for renewable electricity

These guarantees cover the most typical "offtaker liquidity" risk and the longer-term risk of offtaker or country default in paying for the obligations arising from the early termination of offtake agreements.


The funds for these guarantees come from different sources gathered by the iTrust, such as the countries supported by the iTrust, philanthropic donors, multilateral development banks, and institutional and private investors.

iTrust Guarantee Scheme
Benefits of Implementing the iTrust
iTrust Host countries icon
bullet icon

Enhanced credit rating

bullet icon

Lower fiscal exposure

bullet icon

Improved investor attractiveness and competition

bullet icon

Faster development of renewables at lower cost

bullet icon

Compliance with Nationally Determined Contributions

bullet icon

Social and economic development

iTrust IPPs icon
bullet icon

Enhanced bankability

bullet icon

Knowledge and pricing pre-bids - automatic access

bullet icon

Lower weighted average cost of capital

bullet icon

Effective coverage upon payment default and/or early termination triggering events

bullet icon

Offshore structure under private law, with its own assets isolated and independent from the host country’s decisions

iTrust Funders icon
bullet icon

High-impact investment via clean and sustainable projects

bullet icon

Leverage/multiply the use of funds via private sector crowd-in

bullet icon

Mitigated/limited risks controlled by country and program eligibility criteria and governments’ active participation and co-funding