Epsa will issue green bonds for $ 420,000 million to finance solar farms

Epsa, a company of Celsia (Argos Group's electricity company), announced that it would issue green bonds for a maximum amount of $ 420,000. million to finance investments in their solar power farms : Celsia Solar Yumbo, which is already in business, Celsia Solar Bolívar, which has just started construction, and two other solar farms, one in Chicamocha and With this issue, Epsa becomes the first real-life company in the country to use this fixed-income financial instrument to promote low-carbon, climate-resilient environmental projects.

"This issue of green bonds is in our interest to continue to promote renewable energy in the country and The company explained that the initiative will be supported by the IFC (Financial Corporation International) and the FDN (National Development Financing), "said Ricardo Sierra, president of Celsia.

the entities engaged in the development of this type of project which will exercise as beneficiaries obligations.

Epsa explained that green bonds will be issued in two programs, each will be placed in one or more numbers with a minimum investment of $ 50,000 million for a total of $ 420,000 million. In addition, he badured that these projects generate at least 186 MW of clean energy for the country and will prevent the emission of more than 3,440,000 tonnes of CO2 over its 30 years of useful life.