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Recently, the Asian Development Bank (ADB) will help Thai company B.
Grimm Power issue its first 5- and 7-year green bonds
by investing 5 billion baht (US$155 million).
It is understood that this is the first batch of certified climate bonds issued in Thailand to finance solar projects
in Southeast Asian countries.
The proceeds will be earmarked for 9 solar power plants and 7 solar power plants
under construction.
This is ADB's third deal with B.
Grimm Power, which subscribed to its initial public offering in 2017 and signed a loan agreement with the company to support expansion into renewable and distributed generation markets
across Southeast Asia this year.
B.
Grimm Power, traditionally a gas-fired power plant IPP with a portfolio of more than 2GW, has recently diversified into renewable energy and currently operates 15 solar power plants
.
It plans to increase its share of renewable energy generation in its portfolio from 10 percent to 30 percent
by 2021.
It recently signed a power purchase agreement
with Vietnamese utility EVN for a 257MW solar project.
President B.
Grimm Power said, "This offering will promote the development of
Thailand's green bond market by demonstrating international best practices for true green and climate bonds.
ADB's support has been invaluable in ensuring that the bonds meet the IAPA's Green Bond Principles and Climate Bond Initiative standards, building on
our long-term relationships across multiple transactions.
”
Separately, state-run power company Thailand Power Generation Authority (EGAT) recently announced plans to facilitate 1GW of hybrid floating solar hydropower projects in eight dams across the country, and is also piloting energy storage projects
.
:/, please indicate the source for reprinting)
Recently, the Asian Development Bank (ADB) will help Thai company B.
Grimm Power issue its first 5- and 7-year green bonds
by investing 5 billion baht (US$155 million).
It is understood that this is the first batch of certified climate bonds issued in Thailand to finance solar projects
in Southeast Asian countries.
The proceeds will be earmarked for 9 solar power plants and 7 solar power plants
under construction.
This is ADB's third deal with B.
Grimm Power, which subscribed to its initial public offering in 2017 and signed a loan agreement with the company to support expansion into renewable and distributed generation markets
across Southeast Asia this year.
B.
Grimm Power, traditionally a gas-fired power plant IPP with a portfolio of more than 2GW, has recently diversified into renewable energy and currently operates 15 solar power plants
.
It plans to increase its share of renewable energy generation in its portfolio from 10 percent to 30 percent
by 2021.
It recently signed a power purchase agreement
with Vietnamese utility EVN for a 257MW solar project.
President B.
Grimm Power said, "This offering will promote the development of
Thailand's green bond market by demonstrating international best practices for true green and climate bonds.
ADB's support has been invaluable in ensuring that the bonds meet the IAPA's Green Bond Principles and Climate Bond Initiative standards, building on
our long-term relationships across multiple transactions.
”
Separately, state-run power company Thailand Power Generation Authority (EGAT) recently announced plans to facilitate 1GW of hybrid floating solar hydropower projects in eight dams across the country, and is also piloting energy storage projects
.
:/, please indicate the source for reprinting)
/
