FRV claims Spain’s first Climate Bonds-certified green loan
Fotowatio Renewable Ventures, the Madrid-headquartered renewables company, has signed the first Climate Bonds-certified green transaction in Spain with a €64m green loan, in a deal expected to make the environmentally conscious market in the country more transparent for lenders.
Natixis was green loan coordinator and underwrote the non-recourse facility, which will finance building a 138MW photovoltaic plant.
Climate Bond certification is a standard created by the Climate Bonds Initiative that applies to bonds and loans. It requires any projects funded to be consistent with the specific eligibility criteria.“FRV’s ...