Green bonds' success never stops!
ACS, a global leader in infrastructure, launched its first Green bond last April for 750 million euros.
The group of construction and services launched the bond through ACS SCE, the industrial services area of the ACS Group specialized in green projects. While the infrastructure Group reaffirms its commitment to reduce climate change with this green bond issue, Societe Generale, as global coordinating bank of the issuance, shows again its expertise in the sustainable finance field.
ACS SCE is one of the leading companies in applied industrial engineering that manages projects in over 70 countries. Its activity is focused in four key areas: electricity, gas and water network maintenance and service activities; construction, installation and maintenance activities for electric and telecom infrastructures; control systems and integrated projects for the energy sector.
With this green project, ACS SCE is closer to its ambition to become a reference for companies within the industrial infrastructure sector. “ACS is committed to become an important player in the development of the Green Bond market as it is a very important way to channel more investments aimed at reducing climate change”, explains the company.
ACS SCE will use the proceeds from the issuance to finance eligible green projects related to renewable energies, energy transmission, distribution and management, sustainable water and wastewater management as well as energy efficiency. Some of the assets that will receive the funds include wind farms in Perú, solar plants in the USA and South Africa, hydropower plants, photovoltaic plants, transmission lines that exclusively evacuate in renewable generation and different assets that improve energy efficiency in the cities and in the mobility field.
We are very proud to have been able to accompany our client ACS SCE in such a successful deal and to help in their commitment to green financing and the fight against climate change
Societe Generale acted as global coordinator of the deal. This success is another proof of our companies’ commitment to sustainable finance.