S&P employs green evaluation tool

S&P Global Ratings has assigned a green evaluation score to Spain-based Ence Energía’s euro220m debt restructure – the first green loan to be assessed since the green evaluation tool launched in April.

Although not actually a ‘green-labelled’ bond, the financing has many similarities – and rates highly in the tool’s evaluation, placing it in the ‘E1’ category and the highest score available on S&P’s evaluation.

The proceeds will help finance Spain-based biomass generation capacity projects, and once complete, Ence Energía’s total biomass generation capacity will rise to 210MW.

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