PRE-ISSUANCE VERIFICATION LETTER

Sustainalytics verified that AC Energy's green bond framework meets the Climate Bonds Standard Version 2.1 for wind, solar, and geothermal energy. The bond intends to finance new and existing projects across the Philippines, Australia, Vietnam, and Indonesia, including a geothermal facility with emissions of 30.14 gCO2equ/kWh. AC Energy aims to develop 5 GW of renewables capacity by 2025.

• Sustainalytics concluded that AC Energy's green bond is in material conformance with the Pre-Issuance Requirements of the Climate Bond Standard's Wind Energy, Solar Energy, and Geothermal Energy Criteria.
• The green bond is intended to finance or refinance 'Eligible Green Projects' in renewable energy, specifically onshore wind, solar, and geothermal energy.
• Nominated wind energy projects include new capacities in Australia (1,000 MW), Vietnam (800 MW), the Philippines (200 MW), and Indonesia (200 MW), as well as the existing Indonesia-Salak project (75 MW).
• Nominated solar energy projects include new capacities in Australia (700 MW), the Philippines (600 MW), and Vietnam (400 MW).
• The nominated geothermal project is the existing Darajat 3 facility with an expected gross capacity of 121 MW and CO2 emissions of 30.14 gCO2equ/kWh.
• AC Energy has set a target to develop 5 GW of renewables capacity by 2025 and generate at least 50% of its energy from renewables.
• AC Energy reported a 22% reduction in GHG emissions in 2017 compared to 2016, with renewable energy assets producing 410.3 GWh in 2017.

APA

Climate Bonds Initiative (2018). PRE-ISSUANCE VERIFICATION LETTER. https://www.climatebonds.net/files/drupal-files/files/AC%20Energy%20CBI%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf

Chicago

Climate Bonds Initiative. PRE-ISSUANCE VERIFICATION LETTER. 2018. https://www.climatebonds.net/files/drupal-files/files/AC%20Energy%20CBI%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf.

Wikipedia

{{cite press release |author=Climate Bonds Initiative |title=PRE-ISSUANCE VERIFICATION LETTER |date=2018 |url=https://www.climatebonds.net/files/drupal-files/files/AC%20Energy%20CBI%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{climatebondsinitiative2018preissuance, author = {{Climate Bonds Initiative}}, title = {{PRE-ISSUANCE VERIFICATION LETTER}}, publisher = {Climate Bonds Initiative}, year = {2018}, url = {https://www.climatebonds.net/files/drupal-files/files/AC%20Energy%20CBI%20Pre-Issuance%20Verification%20Statement%20PUBLIC.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }