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.

 

Rio Energy

Rio Energy is a large renewable energy developer in Brazil. They have so far issued two Certified Climate Bonds.

The first bond in 2017 supports 9 wind farms in the Itarema wind complex, which has a total capacity of 207MW, in the state of Ceará in Brazil. The bond is issued through Itarema Geracao de Energia SA, the SPV for this specific wind complex.

The second bond in 2018 supports 8 wind farms in the Babilonia wind complex, which has a total capacity of 223MW, in the state of Bahia in Brazil. The bond is issued through Copacabana Geração De Energia E Participações S.A, the SPV for this specific wind complex.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT

WEBSITE

FURTHER INFORMATION

March 2017

Use of Proceeds Bond

 BRL 112m (USD 34m) 

 Brazil

 Wind 

 Vigeo Eiris pre issuance report

Vigeo Eiris post issuance statement

 

http://www.rioenergyllc.com/

Itarema Wind Complex

August 2018 Use of Proceeds Bond BRL 128m (USD 31m)

 Brazil

Wind  Vigeo Eiris pre issuance report   http://www.rioenergyllc.com/ Babilonia Wind Complex