Tag: Green Evaluation

Ence Energia S.L.U.’s €220 million debt for biomass power generation receives S&P Global Ratings Green Evaluation score of E1/79, covered by the specialist press

Ence Energía S.L.U, the renewable energy division of prominent Spanish biomass energy producer Ence Energía y Celulosa S.A., is seeking to restructure its debt through a €220 million facility to further its biomass power generation business. The green loan received an S&P Global Ratings Green Evaluation overall score of E1/79, reflecting that biomass’ potential to  play …

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S&P Global Ratings completes its first UK Green Evaluation for Bazalgette Finance’s £10 billion issuance, covered by the specialist press

Bazalgette Tunnel Ltd issued a £10 billion, multicurrency bond program in June 2016. The proceeds will be used to finance the design, construction, commission and maintenance of the Thames Tideway Tunnel (TTT) and have received an S&P Global Ratings Green Evaluation score of E1/95. The TTT project aims to ensure the UK’s compliance with the …

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S&P Global Ratings’ Michael Wilkins calls for greater disclosure of green bond issuances in Environmental Finance

Speaking to Environmental Finance, S&P Global Ratings’ Michael Wilkins, Managing Director, Environmental & Climate Risk Research, appeals for greater attention to effective disclosure of green bond issuances to ensure that their environmental objectives are met. A report by S&P Global Ratings has found that a lack of transparency and governance measures is significantly affecting the …

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S&P Global Ratings’ first South American Green Evaluation scores E1/85, covered by the Spanish-speaking press.

S&P Global Ratings assigned its first Green Evaluation in South America to the municipal bonds issued by the Province of La Rioja, Argentina, totalling US$170 million. The green-labelled bonds will be used to partly finance the development of the onshore wind farm, Parque Arauco – which will see its current 50.4 megawatts (MW) capacity increased …

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S&P explains why “green finance is more than just green bonds” in Environmental Finance

In order for a bond to be included on the green bond indices, it must be labelled “green” by the issuer, at the point of issuance. However, not all bonds that contribute to climate change mitigation are labelled “green” and not all green financings are bonds. Nicole Martin, Managing Director, Green Evaluations, S&P Global Ratings, …

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Mexico City Airport Trust’s score of E1/77 under S&P Global Ratings’ Green Evaluation covered by the specialist press

The tranches of senior secured bonds Mexico City Airport Trust intends to issue through to 2020 received S&P Global Ratings’ Green Evaluation score of E1/77. E1 is the highest score on the scale (E4 is the lowest). S&P Global Ratings expects the debt to gradually increase, reaching up to US$6 billion over the next two to …

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S&P Global Ratings publishes its Q2 2017 Infrastructure Outlook newsletter

S&P Global Ratings has published its latest edition of IFR Outlook – reviewing the developments from the global infrastructure sectors in the second quarter. The edition’s lead feature analyses the consequences of President Trump’s decision to withdraw the U.S. from the Paris Agreement on climate change. S&P’s Director, U.S. Energy Infrastructure, Michael Ferguson, argues that …

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Brookfield White Pine Hydro senior secured project financing notes receive a score of E1/90, covered by the specialist press

Brookfield White Pine Hydro’s $475 million senior secured notes received a score of E1/90 on S&P Global Ratings’ new Green Evaluation scale. The notes, issued by Brookfield White Pine Hydro LLC (BWPH), are being used mostly (74%) to refinance existing indebtedness for BWPH’s portfolio – which comprises 68 generating units across 21 hydroelectric facilities primarily …

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Three Gorges Finance receives E1 score from S&P Global Ratings for €650 million European wind project bonds, covered by the specialist press

Three Gorges Finance II received a score of E1/83 on S&P Global Ratings’ new Green Evaluation scale for its €650 million green bond issuance due in June 2024. This is the first ever Chinese green bond to be ranked under the Green Evaluation framework. The bonds will be used to finance European wind power projects …

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City Of Gothenburg receives first Green Evaluation for municipal green bond, with a score of E2/67, covered by the specialist press

  The City of Gothenburg received a score of ‘E2/67’ on S&P Global Ratings’ new Green Evaluation scale for its Swedish krona (SEK) 1 billion of green bonds due on 15th June, 2022. The bonds, issued on 15th June 2016, have been allocated to fund a number of eligible projects as part of the Swedish …

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