January 24th, 2023 | Dubai, UAE
Alcazar Energy has today announced the publication of its ‘Green Finance Framework’
The Green Finance Framework was created to facilitate the financing, in whole or in part, of projects with environmental benefits in ‘Eligible Green Project’ categories related to the production, transmission and storage of energy from selected renewable sources. Under the Framework, Alcazar Energy will finance primarily solar photovoltaic (PV) and onshore wind utility scale projects as well as other technologies such as green hydrogen and green ammonia facilities. Such projects will directly contribute to climate change mitigation but will also support the achievement of broader environmental and social benefits.
Alcazar Energy Green Finance Framework was assessed by ISS ESG for its alignment with the International Capital Market Association (ICMA) Green Bond Principles (GBP) and the Loan Market Association (LMA) Green Loan Principles (GLP). ISS ESG has issued a Second Party Opinion in January 2023 which concludes that the Framework is aligned to the GBP and GLP. Standard Chartered Bank acted as sole green structurer and supported Alcazar Energy in the development of the Framework.
Daniel Calderon, Co-Founder and Managing Partner commented: ”We are pleased to communicate the publication of our Green Finance Framework and the Second Party Opinion conducted by ISS ESG. The Framework demonstrates Alcazar Energy’s commitment and ability to continue being a vehicle of responsible investment in clean energy infrastructure assets. We are looking forward to supporting the energy transition in our targeted emerging markets ”.
Please see our Green Finance Framework and the ISS Second Party Opinion here: