Thursday, 10 June 2021
California Ethanol + Power (CE+P) has announced that its Sugar Valley Energy advanced biofuel project has been verified for Green Bond Financing through the alignment of the project with the Green Bond Principles established by the International Capital Market Association (ICMA). Courtesy of CE+P
Sugar Valley Energy represents the first project of its kind to be financed using green bonds, which are used globally to finance projects with an environmental benefit. Designed to help the State of California achieve a 20% reduction of carbon in fuels by 2030, this state-of-the-art facility will produce 68 million gallons of low-carbon fuel-grade sugarcane ethanol annually. At the same time, the project also provides other regional benefits including jobs for Imperial County residents, a profitable and sustainable crop for the farmers in Imperial Valley, and an increased tax base for the community.