Cambodia Investment Review

ABA​ Bank​ Becomes​ Anchor​ Investor​ In​ Green​ Bond​ For​ Cambodia’s​ Solar​ Energy​ Future

ABA​ Bank​ Becomes​ Anchor​ Investor​ In​ Green​ Bond​ For​ Cambodia’s​ Solar​ Energy​ Future

Cambodia Investment Review

ABA​ Bank​ has​ solidified​ its​ commitment​ to​ sustainable​ development​ by​ becoming​ the​ first​ and​ largest​ green​ bond​ investor​ in​ SchneiTec​ Dynamic’s​ pioneering​ green​ bond.​ This​ landmark​ transaction​ marks​ Cambodia’s​ first-ever​ green​ project​ bonds​ dedicated​ to​ bolstering​ the​ Kingdom’s​ rapidly​ expanding​ solar​ power​ infrastructure.

ABA​ Bank​ has​ demonstrated​ its​ strong​ belief​ in​ this​ green​ initiative,​ becoming​ the​ anchor​ investor.​ This​ significant​ participation​ is​ reflecting​ the​ bank’s​ appetite​ for​ corporate​ lending​ and​ capability​ to​ handle​ complex,​ structured​ transactions​ for​ corporate​ customers​ and​ SMEs.

Developing​ and​ Operating​ Renewable​ Energy​ Solutions

SchneiTec​ Dynamic,​ a​ special-purpose​ company​ established​ for​ developing​ and​ operating​ renewable​ energy​ solutions,​ will​ utilize​ the​ proceeds​ from​ this​ green​ bond​ to​ accelerate​ the​ development​ of​ solar​ energy​ capacity​ across​ the​ country.​ This​ initiative​ directly​ supports​ Cambodia’s​ national​ objectives​ of​ enhancing​ energy​ security​ and​ transitioning​ towards​ cleaner​ energy​ sources.

Read More: SchneiTec Dynamic Issues Cambodia’s First $50M Green ‘Project Bond’ to Power Solar Expansion

Investments​ in​ green​ energy​ infrastructure​ are​ anticipated​ to​ yield​ numerous​ economic​ and​ environmental​ benefits​ for​ Cambodia,​ including​ cheaper​ production​ costs,​ more​ affordable​ energy​ for​ consumers,​ and​ a​ boost​ to​ the​ country’s​ regional​ competitiveness.

A​ More​ Sustainable​ Energy​ Future​ For​ Cambodia

“We​ believe​ this​ investment​ in​ SchneiTec​ Dynamic’s​ green​ bond​ is​ a​ significant​ step​ towards​ a​ more​ sustainable​ energy​ future​ for​ Cambodia.​ We​ are​ proud​ to​ be​ the​ anchor​ investor​ in​ this​ first-of-its-kind​ project,​ which​ we​ believe​ will​ pave​ the​ way​ for​ further​ green​ financing​ in​ the​ Kingdom”​ commented​ Chanthida​ Huot,​ Chief​ Corporate​ Banking​ Officer​ of​ ABA​ Bank.

About​ SchneiTec​ Dynamic

SchneiTec​ Co.​ Ltd.​ is​ the​ first-ranking​ company​ in​ supplying​ renewable​ energy​ solutions​ and​ a​ leading​ solar​ farm​ company​ in​ Cambodia,​ responsible​ for​ building​ the​ largest​ solar​ farms​ in​ the​ country.​
SchneiTec​ Dynamic​ Co.,​ Ltd.​ is​ a​ special-purpose​ company​ established​ to​ develop​ and​ operate​ the​ 60​ MW​ solar​ photovoltaic​ power​ plant​ in​ Kampong​ Chhnang​ province,​ financed​ partly​ by​ the​ green​ bond.

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