United Solar Group Partners with Green Bond Corporation for Sri Lanka $1.7B USD Poonakary Project’s Green Bond Issuance
[Melbourne, 15th Dec 2023] – United Solar Group LLC (USG) proudly announces a ground breaking collaboration with Green Bond Corporation (GBC) to facilitate the creation and issuance of Green Bonds in support of the monumental Sri Lanka Poonakary 750MW solar park coupled with a 1,500MWh BIG battery. This strategic alliance marks a pivotal moment in the clean energy landscape as two industry leaders join forces to champion sustainability on a global scale.
Green Bond Corporation (GBC) SARL, a Luxembourg-based specialist global advisory group, is renowned for its expertise in advising clients on the structuring and financing of large-scale, capital-intensive infrastructure projects. GBC partners with governments, institutional, and corporate clients, both public and private, seeking access to capital through the international debt and equity capital markets. Their focus extends to projects dedicated to decarbonizing local, national, regional, and global economies.
United Solar Group (USG LLC), an emerging carbon market developer, strategically positions itself to work with emerging markets and has forged a global alliance of project delivery partners set to deliver over 62GW of projects globally over the next decade. The Poonakary project stands as a testament to USG’s commitment to advancing clean energy initiatives, with a focus on helping countries achieve the 17 Sustainable Development Goals (SDGs).
The collaboration between United Solar Group and Green Bond Corporation is a formidable alliance that combines USG’s extensive project delivery network with GBC’s financial advisory prowess. Together, they are set to reshape the future of sustainable energy development, leveraging the power of Green Bonds to fund the construction of the Poonakary solar park and BIG battery.
“We are thrilled to announce this strategic partnership with Green Bond Corporation,” said [Richard Vargas], [President] at United Solar Group LLC. “This alliance reflects our shared commitment to advancing global sustainability goals and marks a significant step towards achieving our vision of a cleaner, greener future whilst also helping to improve energy security for the country .”
[Dr. Luke Kirke], [CEO] at Green Bond Corporation, added, “Collaborating with United Solar Group on the Poonakary Project is a testament to our dedication to financing transformative projects that contribute to the decarbonization of economies. We are excited to play a crucial role in facilitating the issuance of Green Bonds for this groundbreaking initiative as it not only improves energy security but also delivers towards many of the United Nation’s 2030 Sustainable Development Goals.”
As the world focuses on transitioning towards renewable energy solutions, the United Solar Group and Green Bond Corporation alliance signals a paradigm shift in the industry, reinforcing their shared commitment to sustainability, innovation, and achieving a carbon-neutral future.
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Mr. Richard Vargas