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ADB to invest in THB-10bn green bond in Thailand

The Hanuman wind farm in Thailand. Photo courtesy of Energy Absolute.

October 17 (Renewables Now) - The Asian Development Bank (ADB) will invest in a THB-10-billion (USD 330m/EUR 297m) green bond issuance that supports a Thai wind farm of 260 MW, it announced on Thursday.

The bank signed a deal today to invest THB 3 billion in the maiden green bond issuance of Energy Absolute PCL (BKK:EA), which is also the second Climate Bonds Standard-certified bond issued by a Thai energy company and the first to concern a wind project in the country.

The proceeds of the bond will be used for the long-term financing of the Hanuman wind farm, which achieved commercial operations in the spring of 2019. Owned by Energy Absolute, the plant is located in Chaiyaphum Province and is currently the largest wind farm in the country.

Energy Absolute currently has 664 MW of renewable energy capacity, coming from four solar and two wind parks.

(THB 10 = USD 0.330/EUR 0.297)

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