The Asian Development Bank (ADB ) has announced that it will invest 5 billion Thai baht ($155 million) in one of Thailand’s largest private power producers, B.Grimm Power through 5-year and 7-year green bonds.
These green bonds are the first certified climate bonds to be issued in Thailand. The proceeds from the bond will help to finance renewable energy projects in Thailand. It will be reserved for nine operational solar power projects with a total capacity of 67.7 MW and seven solar projects under construction with a total capacity of 30.8 MW.
“This issuance will foster the development of the green bond market in Thailand by showcasing international best practice for genuine green and climate bonds. Read More