Thailand-based Energy Absolute Public Company Limited (Energy Absolute) has secured a green loan from the Asian Development Bank (ADB) to finance its renewable energy and electric vehicle charging network projects in Thailand. The USD47.62 million green loan will be used to finance the ongoing Nakornsawan Solar and Hanuman Wind power plants. In addition, the funds will also be used to deploy fast and standard chargers across Thailand.
This green loan has been certified by the Climate Bond Initiative, which administers the international Climate Bond Standards and Certification Scheme. It is the first climate loan in Thailand to have received this certification.