Jiangsu Financial Leasing provides loans to a range of businesses in China. IFC is one of its shareholders and IFC has provided the impetus for the Issuer to apply for Climate Bonds Certification.
This is the first Climate Bonds Certified Bond to be issued domestically in China. It is the first Climate Bonds Certified Bond to support floating solar farms on freshwater bodies. In this case, two solar facilities are built on land above abandoned and collapsed coal mines, which have since filled with rainwater to become ponds and lakes. One solar PV facility is built over a freshwater fishpond.
The assets also include the largest floating solar park in the world so far, which is located in Huainan City, Anhui Province, China. It has a total installed capacity of 150MW and became fully operational in 2018. In fact, this solar park was developed by Three Gorges New Energy, a subsidiary of Three Gorges Corporation, which previously issued a wind energy related Climate Bonds Certified Bond in July 2017.
This is the first domestic issuance in China to receive Certification.
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DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
TENOR |
COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION |
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| April 2019 | Use of Proceeds | RMB 1 billion (USD 149 million) | 3 years | China | Solar | pre issuance verification report by CCX Management | Press release by the Issuer (in Chinese) |