Crédit Agricole CIB structures Envision Energy’s largest non-project offshore syndicated financing
Envision Energy secured a USD 600 million sustainability-linked syndicated term loan, structured by Crédit Agricole CIB, for its offshore wind operations in China.
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The financing is a 1+2 year sustainability-linked syndicated term loan. The loan structure incorporates Sustainability Performance Targets tied to Scope 3 GHG emission intensity and annual wind turbine installed capacity. The framework complies with the Loan Market Association, Asia Pacific Loan Market Association, and Loan Syndications and Trading Association Sustainability-Linked Loan Principles. Envision Energy has achieved operational carbon neutrality for four consecutive years, maintained 100% renewable electricity usage, and earned recognition including the EcoVadis Gold Medal and CDP A rating for climate change. Quote: "secured a USD 600 million equivalent 1+2 year sustainability-linked syndicated term loan" ; "The sustainability-linked loan structure incorporates ambitious Sustainability Performance Targets tied to Scope 3 GHG emission intensity and annual wind turbine installed capacity." ; "The framework has been independently verified by DNV Business Assurance Limited and fully complies with the Loan Market Association, Asia Pacific Loan Market Association, and Loan Syndications and Trading Association Sustainability-Linked Loan Principles." ; "The company has achieved operational carbon neutrality for four consecutive years , maintained 100% renewable electricity usage , and earned recognition including the EcoVadis Gold Medal and CDP A rating for climate change."
"Envision Energy, a global leader in green technology, has secured a USD 600 million equivalent 1+2 year sustainability-linked syndicated term loan"
"Crédit Agricole CIB acted as Sustainability Structuring Coordinator, Mandated Lead Arranger, Bookrunner and Underwriter for the transaction."
"with 13 financial institutions participating across multiple jurisdictions including Australia, Germany, France, Italy, Spain, the Middle East and China."
"The framework has been independently verified by DNV Business Assurance Limited"
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