The Electricity Generating Company (EGE Haina) received the award of “Pioneer in Green Bonds of the Dominican Republic”, at the eighth edition of the Climate Bonds Awards Made in the city London, England.
These awards value the efforts and achievements of organizations and governments that have distinguished themselves as pioneers in the sustainable finance sectorwho are working to address the climate crisis.
In 2021, EGE Haina became the first company in the country and the region to offer bonds linked to Sustainability, with the placement of US$300 million in Senior Unsecured Bonds with a coupon of 5.625% maturing in 2028.
EGE Haina’s commitment to sustainability led the company to create a Financing Framework Linked to Sustainabilitybased on the company’s goal of achieving a renewable installed capacity of 526.5 MW by December 31, 2026.
José A. Rodríguez Silvestre, general manager of EGE Haina indicated that the company will continue to innovate with initiatives that promote the transition to a green economy and that promote the development of new renewable projects.
Since 2016, the Climate Bonds Initiative has honored more than 211 organizations, financial institutions, and governments that have demonstrated leadership through financing of climate resilient and low carbon projects in a wide range of industries and economic sectors.
During the ceremony, Sean Kidney, CEO of the Climate Bonds Initiative, stated that “innovation in green finance presents crucial opportunities to reverse the relationship between capital outlay and climate disorder.
In a crucial decade for action, our planet needs pioneers who drive initiatives to facilitate solutions to the problems of climate change.” In addition, he congratulated the winners for their role in the market and for their willingness to become agents of change.