AC Energy eyes more RE projects
By Lenie Lectura -September 11, 2019
from Business Mirror
AC Energy Inc. will pursue renewable-energy (RE) opportunities in the region after it secured another certification under the Asean Green Bond Standards.
“We will scale up our renewable-energy initiatives across the Asia Pacific,” said AC Energy President and CEO Eric T. Francia.
After issuing the first Climate Bond Initiative-certified US dollar green bonds publicly listed in Southeast Asia in the amount of $410 million, AC Energy recently bagged a certification anew under the Asean Green Bond Standards an initiative that facilitates Asean capital markets in tapping green finance to support sustainable regional growth.
“AC Energy’s inaugural green bond opens the door to a wider investor base and enables our renewable-energy investments. With the Asean Green Bond label, we can further tap into green finance to support our sustainable regional growth, providing a firm assurance to investors that these projects will benefit a low-carbon and climate-resilient economy,” said Francia.
AC Energy plans to deploy the funds for renewable-energy expansion around the region, including the Philippines, Indonesia and Vietnam.
The Asean Green Bonds Standards is and meet investor interest for green investments and is part of the Asean Capital Markets Forum’s broader efforts in developing green finance for the region.
