BRD Groupe Societe Generale offered Hidroelectrica a loan of 1.25 billion RON for the projects of renewable energy, this being the biggest green loan offered in Romania, according to a press release.
Financing, offered for a period of seven years, has as an object the acquisition of shares and direct investments in operational projects based on energy produced by wind and solar power.
“Hidroelectrica takes into consideration the investment objectives which they assumed with the shareholders through the strategy of the company. Romania has a huge potential of development in the area of renewables, and Hidroelectrica has the will and can draw resources to act firmly in this direction. We want to exploit all opportunities for diversification of the production, keeping at the centre of our values the label of Romanian company 100% green,” said Bogdan Badea, chairman of the Directorate Hidroelectrica.
What Are Green Loan Principles? | Morrison & Foerster LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
New Ultra Large Container Ships to be Built According to Green Financial Principals
Environmental Concerns Dominate New Vessel Construction
SOUTH KOREA – CHINA – GERMANY – Shipbuilders worldwide have these days to make their products as eco-friendly as possible and the latest order from Hapag Lloyd, the world s fifth largest container line, is no exception.
The German box carrier has concluded two debut transactions according to the Green Loan Principles of the Loan Market Association (LMA), while DNV has provided a second party opinion to confirm compliance with the requirements as an independent expert. The transactions are associated with the financing of six ultra-large 23,500 TEU container ships, which were ordered in December 2020. Shaun Walden, Project Director, Sustainability and ESG Services, DNV observed:
DNV supports Hapag-Lloyd's milestone green financing | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.