Sindicatum Renewable Energy Company I
By utilising an innovative and first of its kind structure developed for this project, GuarantCo was able to reduce currency risk for the developer and attract funding from international institutional investors. The transaction will also have significant demonstration effect in attracting institutional investors to invest in future bond issues supporting infrastructure in Asia.
The three brownfield renewable energy projects financed with the bond proceeds generate a total capacity of 50MW which will improve quality of service for an estimated total of 106,100 people. The three projects also employ 105 people.