Eletrobras receives green bond certification

Eletrobras receives green bond certification

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Renewable Solar Wind Project & Infrastructure Finance Structured Finance Brazil

Brazilian state-owned power company Eletrobras has received certification from the Climate Bonds Initiative (CBI) to sell green bonds to finance wind and solar power projects, it said in an announcement on Thursday. Eletrobras received support in the certification process from the Inter-American Development Bank (IDB), it said. Eletrobras did not say when it planned to issue green bonds, but it added that it will "keep the market informed." The company claims it gets 95% of power generation from

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