ADB invests in B.Grimm Power’s Green Bond to Thai clean energy
The Asian Development Bank will invest 5 billion Thai baht ($155 million) in Thailand's B.Grimm Power Public Company Limited's maiden five-year and seven-year green bonds - the first certified climate bonds to be issued in Thailand.
Proceeds will finance renewable energy projects in Thailand, helping to establish a low-carbon pathway for sustainable economic growth.
The green bond proceeds will be earmarked for nine operational solar power plants with a total capacity of 67.7MW and seven solar plants under construction - all in Thailand and with a total capacity of 30.8MW.