Green Bond Fact Sheet

This Green Bond Fact Sheet describes a MYR 245 million (USD 59 million) Sukuk issued by Edra Solar Sdn Bhd on October 11, 2019, to refinance the development of the Kuala Ketil Solar Farm in Malaysia.

• Edra Solar Sdn Bhd issued a Sukuk on October 11, 2019, with a total amount of MYR 245 million (approximately USD 59 million) and a maturity date of October 9, 2037, representing a tenor of 18 years.
• The proceeds from the bond are designated to refinance up to 80% of the development of the Kuala Ketil Solar Farm, which includes the design, construction, ownership, operation, and maintenance of a solar power plant with a capacity of 50 MWac.
• The project incorporates a social and agricultural component by providing a buffer zone around the solar farm facility for the local community to cultivate pineapples or other crops.
• This transaction is the first deal in Malaysia to align with several frameworks, including the Securities Commission Malaysia’s Sustainable and Responsible Investments Sukuk Framework, the ASEAN Green Bond Standards, the ASEAN Social Bond Standards, the Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines.
• The project is intended to support Malaysia's national target of achieving 20% renewable energy by the year 2025.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-10_MY_Edra_Solar_Sdn_Bhd.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2019-10_MY_Edra_Solar_Sdn_Bhd.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=31 March 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2019-10_MY_Edra_Solar_Sdn_Bhd.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = mar, url = {https://www.climatebonds.net/files/drupal-files/files/2019-10_MY_Edra_Solar_Sdn_Bhd.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }