Vena Energy, a renewable energy producer, has secured a USD500 million sustainability-linked revolving credit line from eight lenders. The fundings were secured from DBS Bank Limited, Crédit Agricole Corporate and Investment Bank (CIB), ING Bank, BNP Paribas S.A, Mitsubishi UFJ Financial Group (MUFG), Intesa, SMBC and Mizuho.
The sustainability loan, which will last three years, will focus on areas such as environmental footprint of projects. The programme aims to help achieve United Nations (UN) Sustainable Development Goal (SDG) 13 Climate Action. The credit facility also adheres to the company’s green financing policy. Sectors that will be concentrated on include hydropower, solar energy, and wind energy.