New green bond issue

Company News    Dec 1, 2021 8:30 PM

Celsia issued and placed a second green bond issue for CoP$140B.

The company will promote renewable energy projects with low carbon emissions and resilient to climate change, thanks to these resources, Analitik reported.

Celsia highlighted that the projects will contribute to sustainable economic growth and development.

This second issuance is made against the first green bond issuance and placement program carried out by Celsia and approved by the Financial Superintendence of Colombia in June 2018.

Celsia becomes the first real-sector company in the country to issue green bonds to finance solar energy projects.

“This new green bond issue will finance and boost the development of renewable energy and energy efficiency projects, strengthening the commitment we have with sustainability and climate change mitigation,” Celsia’s Ricardo Sierra said.

The company will allocate these resources to the development of its investment plan for the period 2017 – 2025, consisting of the construction of several solar power plants with a combined installed capacity of up to 215MW.

Celsia participated in the last renewable energy auction, where it was awarded 225 GWh/year to be generated by Celsia Solar Escobal 6, a solar farm to be built in Ibagué with a capacity of 99MW.

In addition, the company put into operation Celsia Solar Espinal (Tolima) and Celsia Solar El Carmelo (Valle del Cauca).

Celsia has seven solar farms in operation in Colombia and Central America at present.

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