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Hidroelectrica takes 1 25 billion RON loan from BRD for wind and solar power projects

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

What Are Green Loan Principles? | Morrison & Foerster LLP
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New Ultra Large Container Ships to be Built According to Green Financial Principals - Latest industry shipping news from the Handy Shipping Guide

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:

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