| Project Detail |
Project Description
An investment in the inaugural green bond (EuroPP) issued by Qair International SAS ("Qair", the "Company"). The notes are senior unsecured and bear an annual fixed coupon. Qair is a French renewable energy developer and independent power producer.
Project Objectives
The bond proceeds will be used, according to the Green Bond Framework, to support Qairs corporate financing needs to accelerate the deployment of its wind and solar pipeline projects. Furthermore, Qair has committed to invest in the EBRDs CoOs the amounts equal to at least 200% of the Banks participation in Qairs green bond, within 36 months from the issuance.
Transition Impact
ETI score: 60
Transition impact stems from two qualities: Competitive and Green.
This operation will support the Companys growing presence in Poland and its entry into new markets (Greece, Romania, etc.), thus will increase the share of private generation and facilitate further competition in those countries energy markets (Competitive).
Moreover, an amount equivalent of at least two times the Banks investment will be directed towards greenfield solar and wind projects in the Banks CoOs. Associated CO2 emission savings are expected to exceed 180k tons per year. The Project will be 100% GET (Green). |
