Category: Green Finance

Bazalgette Finance Plc S&P Global Ratings’ Green Evaluation covered by the specialist press

Bazalgette Finance has issued £175 million of index-linked green bonds to fund its Thames Tideway Tunnel (TTT) in London. S&P The financing has received an S&P Global Ratings’ Green Evaluation score of E1/95. Noemie de la Gorce, analyst in S&P Global Ratings’ sustainable finance team said that the S&P Global Ratings’ high green evaluation score …

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In Banker Middle East, S&P’s Michael Wilkins considers how green Sukuk is driving issuance in the GCC

The GCC faces high spending requirements on two fronts. Infrastructure projects require approx. US$120-150 billion between now and 2019, while refinancing corporate capital market debt also demands US$23.6 billion, due before 2019. However, green Islamic financing fuelled corporate and infrastructure Sukuk issuance in the GCC last year, writes Michael Wilkins, Head of Sustainable Finance at …

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S&P Global Ratings’ Jessica Williams assesses the technologies powering the renewable energy boom for Marine Technology Reporter

Thanks to increasing levels of debt financing for climate-aligned projects, wind-generated power has become one of the fastest-growing green industries. Jessica Williams, Infrastructure Analyst at S&P Global Ratings, considers the undersea transmission cables that are making this progress possible by spurring distribution of the energy created. Read the full article here.

S&P Global Ratings’ ACS SCE Green Evaluation covered by the specialist water press

ACS Servicios Comunicaciones y Energía S.L.’s (ACS SCE) €750 million worth of green notes has received an S&P Global Ratings’ Green Evaluation score of E1/83. This high score is supported by proceeds allocated to renewable energy and water projects in countries with medium carbon intensity grids and medium to high water stress – and is …

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Banks to issue more green bonds, says S&P Global Ratings report, covered by specialist press

As key providers of financing, banks have a significant role to play in the transition to a low-carbon economy. S&P Global Ratings’ recent report considers the growth of green bonds issued by banks in recent years and prospects for continued green financing to account for an increasing proportion of bank lending in the future. The …

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S&P Global Ratings’ Green Evaluation of Eolica Mesa La Paz onshore wind financing covered by the specialist press

The proposed bonds that will finance the Eólica Mesa La Paz wind farm, in Mexico, have received an S&P Global Ratings Green Evaluation of E1/91 – the highest score available. Eólica Mesa La Paz will finance the construction of a 306-megawatt (MW) onshore wind project, located in Tamaulipas, by using a new senior secured bond …

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S&P Global Ratings’ Modern Land (China) Green Evaluation covered by Responsible Investor

Modern Land (China) Co. Ltd.’s US$350 million of green bonds – to finance environmentally certified buildings in China – have received an S&P Global Ratings Green Evaluation score of E1/84. The high Mitigation score of 92/100 is because of the high level of expected avoided carbon emissions compared with the baseline scenario – due to …

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Writing for the Aldersgate Group’s insights platform, S&P Global Ratings’ Michael Wilkins considers green investment for infrastructure

To keep temperatures from rising 2˚C above pre-industrial levels, green infrastructure needs significant investment. Michael Wilkins, Head of Sustainable Finance for S&P Global Ratings, discusses where that money is going to come from – and considers both public and private sources. Read the full article here

S&P Global Ratings’ BIF II Holtwood Green Evaluation covered by the specialist press

US$350 million senior secured notes, issued in February 2018, by BIF III Holtwood LLC, have received an S&P Global Ratings Green Evaluation score of E1/90. The score of E1/90 reflects an excellent Mitigation score (95/100), which is supported by a focus on renewable energy generation contributing to systemic decarbonisation and that these projects are located …

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S&P Global Ratings’ Michael Ferguson discusses the outlook for U.S. green finance in Investment Week

The financing of green infrastructure projects is rising worldwide. And alternative financing tools are piquing the interest of investors, many of whom are increasingly sensitive to climate concerns. Michael Ferguson, Director, U.S. Energy Infrastructure and Sustainable Finance at S&P Global Ratings, highlights the expansion of the U.S.’ decarbonisation efforts and how green bonds are used …

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