Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Jiangsu Financial Leasing

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.

 

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VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
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)