Wednesday, June 11, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

SB Energy committed to the highest-quality ESG principles

Fiinews by Fiinews
December 22, 2020
in Banking & Finance, Investment, Projects
Reading Time: 3 mins read
A A
0
SoftBank
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

MUFG securing of green loan certification for SoftBank project

Majority-owned by SoftBank, SB Energy Holdings Limited, is committed to maintaining the highest quality environmental, social and governance (ESG) principles in its projects, a testament to which is a recently secured green loan certification.

“We are especially delighted to secure green loan certification for this project for which we have raised India’s largest-ever multi-currency project financing in the renewable sector,” SB Energy CFO Vijay Venkatachalam on US$333 million financing deal for SoftBank’s latest and largest solar project in India.

“We are privileged to partner leading domestic and international banks and financial institutions for our financing needs and are pleased that they continue to repose their trust in our ability to consistently deliver projects,” Venkatachalam said on 22 Dec 2020.

Japanese origin MUFG Bank Ltd has acted as sole green structuring advisor for the financing. This marks the first green certification of a solar project loan for both the client and the country and underscores both MUFG’s sustainable financing capabilities as well as commitment towards partnering clients in their environmental, social and governance (ESG) objectives.

The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar Park in the State of Rajasthan, India, is the seventh and largest project of its type in line to be commissioned by SB Energy, a majority-owned subsidiary of SoftBank Group. 

MUFG also acted as original mandated lead arranger and lender, bookrunner, facility agent, inter-creditor agent, account bank and hedging bank. This is the third project financing undertaken by MUFG for Softbank in India. The transaction closed in August, and with the bank’s assistance, attained green certification on 22 December 2020.

MUFG’s securing of green loan certification for SoftBank represents the first time that a project loan in India has been certified using guidelines aligned with the LMA / APLMA Green Loan Principles, a globally-recognised framework designed for participants in the sustainability financing market to consistently certify, track and monitor the environmental impact of financing assets.

It is also SB Energy’s inaugural green loan certification amongst its renewable projects.

KPMG provided the independent limited assurance for the green loan.

The loan also received CBI certification from Climate Bonds Initiative under the Climate Bonds Standard, which marks it as the first CBI certified loan from India.

MUFG’s role as green structuring advisor for this deal underscores both its commitment to driving sustainable growth as well as its market-leading capabilities in ESG financing.

It has committed a total sum of JPY20 trillion (US$188 billion) into sustainability-related financing by 2030, having utilised 19% of this amount (JPY3 trillion or US$35 billion) in the first year (FY2019).

The bank is also a global leader in renewable generation projects and has also been ranked top lead arranger in Bloomberg’s league tables for clean energy financing for six of the past eight years. In Asia Pacific outside Japan, MUFG is ranked number-one bookrunner in Bloomberg’s green loan league table (YTD2020). 

“We would like to congratulate SoftBank for achieving yet another milestone towards its sustainability agenda,” added Colin Chen, MUFG’s Head of Structured Finance, Asia Investment Banking Division.

“At MUFG, we share the same commitment towards environmentally and socially responsible business practices, and with this latest deal, is pleased to reaffirm our proven track record as Softbank’s go-to project financier for projects in India as well as our market leadership in ESG and renewables financing,” said Chen. #climatebons #climate #environment #solar #renewables #opec #project #banking /fiinews.com

Tags: MUFG Bank
ShareTweetShare

Related Posts

WBCSD
Projects

Project: India’s role in global transition efforts

by Fiinews
June 11, 2025
0
12

Sustainability is strategic advantage, says Bakker The scale of the Indian economy, demographic trends, the local impacts of climate change...

Swissmem Academy
Investment

Invest: Swiss businesses invited to India

by Fiinews
June 11, 2025
0
13

Talent makes India ideal investment destination Minister of Commerce and Industry Piyush Goyal has invited Swiss business community to be...

Keel Laid For Ngopv At Gsl

Project: NGOPV keel laid at GSL

June 11, 2025
14
PIB

Project: Minister discussed ocean conservation in Nice

June 11, 2025
13
Gc Niif

Invest: NIIF GC appreciates ADIA-Temasek

June 11, 2025
13

Invest: Quantel-Sincere work on US-India clients

June 10, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: India’s role in global transition efforts
  • Tender: Rs.5,400cr scheme for 30 GWh BESS
  • Tender: 93% of 8,000+ SCM projects completed
  • Invest: Swiss businesses invited to India
  • Market: Wipro relocates HQ to Riyadh

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.