Brazil gets first certified Green Bond for solar energy

Global inspection and certification company Bureau Veritas has verified the first certified Green Bond for solar energy in Brazil.

The bond has been issued by distributed solarà‚ energyà‚ company Faro Energy in response to the rapid growth of the solar market in Brazil and will be used to finance distributed solar power projects across the country.à‚  à‚ à‚ 

Vishal Goel, principal sustainability consultant for Bureau Veritas, said: “This is the first time that a certified Green Bond has been issued for solar in Brazil and we’re thrilled that we were able to conduct our assessment and independent verification in this milestone achievement by Faro Energy, which should enable the continued evolution of the solar industry in South America.”à‚ 

Faro Energy is headquartered in London and also has offices in Brazil and Colombia, two countries in which it is focusing its solar activities. Chief executive Sarah Chapman said: “We believe that innovative green finance mechanisms like Green Bonds will be transformational for the distributed solar sector in Brazil over the coming years. We are very proud to achieve this significant milestone for both Faro Energy and the industry more broadly.”

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