Symbiotics Investments Arranged a $10 Million Green Bond for Proparco
Symbiotics Investments arranged a $10 million Green Bond for Proparco. The proceeds will be on lent to GreenLight Planet “GLP”, one of the leading Solar-Home System actors in Sub-Saharan Africa, to support its activity in providing access to energy for off-grid customers in underserved African markets. The Bond has been issued by the innovative MSME Bonds SA platform.
GLP provides access to renewable energy and mitigates CO2 emissions by replacing kerosene lamps and diesel generators with off grid solar lanterns and solar home systems (e.g. bulbs, radio, fans, TV, etc.). So far, 7.3 million kerosene lanterns have been replaced and 22.9 million tons of CO2 have been prevented.