AC Energy has raised $410m through a green bond structure to help its plan to generate 5 GW from renewable energy by 2025. The World Bank’s International Finance Corporation (IFC) invested US$75 million to anchor a five-year US$300 million green bond tranche for the renewables specialist, a subsidiary of Backing came from the International Finance Corporation, which invested $75m to support $300m of green bonds, while the Asian Development Bank invested $20m for a separate $110m of bonds. The money will contribute to AC Energy’s 2025 Vision project for 5 GW of renewable energy in East Asian and Pacific markets. “Today’s announcement is an important step forward on our path towards delivering clean power solutions that are affordable and sustainable,” said John Chambers, president and CEO of AES Corporation.
AC Energy has raised $410m through a green bond structure to help its plan to generate 5 GW from renewable energy by 2025. Backing came from the International Finance Corporation, which invested $75m to support $300m of green bonds, while the Asian Development Bank invested $20m for a separate $110m of bonds. The money will contribute to AC Energy’s 2025 Vision project for 5 GW of renewable energy in East Asian and Pacific markets. “Today’s announcement is an important step forward on our path towards delivering clean power solutions that are affordable and sustainable,” said John Chambers, president and CEO of AES Corporation.