This story features NATIONAL AUSTRALIA BANK LIMITED. For more info SHARE ANALYSIS: NAB
FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:
ESG Focus Green mortgages a reprieve for banks
As big capital extends green financial nets into the retail, SME and corporate markets, banks are likely to be sheltered from the worst ravages of competition behind anti-trust legislation.
– EU launches sustainable finance strategy
– Global anti-trust and anti-big-tech sentiment given a voice
– Green mortgages on the way
– Capital questions: who gets what when stress strikes
Jul 12 2021
FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:
ESG focus: It’s easy being green – for now
Carbon intensity is set to emerge as the benchmark hero in the global push to create a fungible green bond market.
-The green bar is set “deceptively” low
-Standardisation is a global hot topic
-Carbon intensity to become the green common denominator
By Sarah Mills
Welcome to Part 2 of our green bond story, one of several articles on the ESG bond market.
ADB provides $116 million loan to develop wind farms in Quang Tri e.theleader.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from e.theleader.vn Daily Mail and Mail on Sunday newspapers.
The Asian Development Bank (ADB) has secured a $116m (€95.1m) green loan to build and operate three 48MW wind farms, totaling 144 MW, in Quang Tri Province, Vietnam.
The loan is with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nguyen) .
The project is expected to increase Vietnam’s wind power capacity by 30%, helping the country meet rapidly growing demand for energy.
Lien Lap, Phong Huy, and Phong Nguyen are owned by Power Construction Joint Stock Company No.1 (PCC1) and RENOVA.
The loan forms part of a $173m green loan project financing package arranged and syndicated by ADB as mandated lead arranger and bookrunner.
The Asian Development Bank (ADB) has signed a $116 million green loan for three wind farms in the central Vietnamese province of Quang Tri, aiming to increase the Southeast Asian country’s wind power capacity by 30 per cent.