A new report from the Climate Bonds Initiative noted that the Brazilian green bonds market has now reached US$3.67 billion.
From the inaugural issuance by BRF in June 2015 to September 2017, a total of nine labelled Brazilian green bonds have been issued – five of which were in the international market.
The report adds that Brazilian bond issuance from Q1 2017 to Q2 2018 reached a total of US$288.4 billion, with green bonds accounting for 0.2%. When it comes to determining what sectors that domestic green bonds are financing, the report notes that clean projects hold the highest proportion at 42%. Agriculture and forestry projects rank second at 24%, followed by water (13%), buildings and industry (9%) and waste and pollution (8%).
Another major development is the level of heightened demand for Brazil green investment products by international investors highlighted in the response to recent green bonds issued by Klabin (US$500 million) and BNDES (US$1 billion). Both issuances were well oversubscribed and priced below estimate.
Rethink repowering or replacing while there is a much more elegant, low risk and retrofit solution available: retrofitting with AR coating. In this second TechTalk webinar, DSM and its ecosystem partners, SternEnergy and Encavis will discuss all the relevant aspects of in-field retrofit AR coating technology and step-by-step procedures from the perspective of investors, maintenance engineers, and asset owners.
Solar & Storage Finance USA Virtual Summit, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2020 for its 7th edition!
The Utility Solar Summit UK will focus entirely on the opportunities in the UK ground-mount space and feature the new technology and advanced innovations allowing asset owners to improve yield in a subsidy free market. Listen to senior market leaders share stories of their successes and manufacturers pushing the envelope for solar PV whilst taking advantage of our enhanced networking features to connect you with your peers onsite; realising the potential of UK utility scale deployment from 2020 and beyond.