Climate Bonds Standard Board Approved Pre-Issuance Certification of TRIO Investment Green Bond
The Climate Bonds Standard Board approved the Pre-Issuance Certification of the proposed TRIO Green Bond. The portfolio is a combination of 770 MW of Solar Projects in Western Europe and Emerging Markets. Trio made it first, this is the first certified green bond only on solar asset s by a private company in the Netherlands.
The green bonds were certified under the Solar Criteria of the Climate Bonds Standard. A Pre-Issuance verification is provided by Sustainalytics.
Sean Kidney, CEO Climate Bonds Initiative, quoted:
“Congratulations are due to Trio for this solar bond. Its another example of the best practice and innovation that is driving green finance for solar developments across Europe. They are working across EU and emerging markets – Fantastic. This is their first Certified Solar bond, but they have a 850MWp pipeline of projects. We are going to hear a lot more from TRIO.”
On behalf of TRIO:
“We really appreciate the cooperation with the Climate Bonds Initiative. As an international investment company, the cooperation with CBI brings new business and projects to TRIO with less risk and latest international standards; said Burak Kartal, Managing Director TRIO Investment B.V.”