Envision Energy has closed a $600m equivalent sustainability-linked syndicated loan in Hong Kong.
The financing marks the largest non-project offshore syndicated loan in the company’s history, Envision Energy said.
It added that the facility was oversubscribed and increased from an initial $500m to $600m following strong participation from global financial institutions.
The loan is structured as a sustainability-linked loan tied to performance targets including Scope 3 greenhouse gas emission intensity and annual wind turbine installed capacity.
Envision said the financing will support expansion across renewable energy systems, energy storage and green hydrogen technologies.
The company added that the deal reflects confidence from international lenders in its credit profile, global business model and long-term sustainability strategy.