Green Bond Fact Sheet

This fact sheet provides details on a NOK 300 million green bond issued by Clemens Kraft AS on February 13, 2018, to fund small-scale run-of-river hydro power plants in Norway.

• Clemens Kraft AS issued a senior secured green bond on February 13, 2018, with a total amount of NOK 300 million (approximately USD 38 million) and a maturity date of February 13, 2025.
• The proceeds of the bond are exclusively dedicated to funding small-scale hydro power plants (SSHPP’s) in Norway, specifically limiting eligibility to run-of-river hydro plants that do not have dam reservoirs.
• The issuer has committed to annual reporting on its website until all proceeds are allocated. This reporting will cover unallocated proceeds, the split between refinancing and new projects, company strategy, renewable energy production (MWh) and capacity (MW), and any breaches of regulations or agreements.
• Clemens Kraft AS is a majority-owned subsidiary of Opplysningsvesenets Fond (the Norwegian Church Endowment) and operates as one of Norway's largest developers of small power plants, with 34 plants currently in operation and 10 under construction.
• The bond received a second party opinion from CICERO. To mitigate negative social and environmental impacts, the issuer requires Environmental Impact Assessments (EIAs) for every project.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-02%20Clemens%20Kraft%20AS.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-02%20Clemens%20Kraft%20AS.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=16 April 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-02%20Clemens%20Kraft%20AS.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = apr, url = {https://www.climatebonds.net/files/drupal-files/files/2019-02%20Clemens%20Kraft%20AS.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }