Yinson Renewables (“YR”) recently received an excellent SQS1 sustainability quality score from Moody’s Ratings on its Green Financing Framework (“Framework”), dated September 2024. 

The Framework, which supports Yinson Renewables’ strategic growth plans, is aligned with the Green Loan Principles 2023 (“GLP”) as administered by the Loan Syndications & Trading Association (“LSTA”), and the Green Bond Principles 2021 (“GBP”) as administered by the International Capital Market Association (“ICMA”). These Principles serve as voluntary guidelines to promote transparency and integrity of green bonds and loans in the green financing market. 

The SQS1 rating recognises the Framework’s overall excellent sustainability quality and its alignment with relevant principles. It also highlights Yinson Renewables’ commitment to high standards of transparency and issuer accountability, consistent with best practices for disclosures on Use of Proceeds; Process for Project Evaluation and Selection; Management of Proceeds; and Reporting.

Yinson Renewables Chief Executive Officer, Mr David Brunt commented on the achievement, “The SQS1 sustainability quality score from Moody’s for our Green Financing Framework not only validates our strategic direction, but also reinforces our role as a responsible and accountable player in the renewable energy sector. We believe that the Framework provides an even more attractive investment case for the broader investor base with mandates to invest into and accelerate renewable energy development.”

Yinson Renewables currently operates a total installed capacity of 557 MWp, including the Bhadla 1 & 2 and Nokh Solar Parks located in Rajasthan, India, as well as the Matarani Solar Plant in Peru, which recently entered its full operational phase . 

View our Green Financing Framework and Moody’s Second Party Opinion: Yinson Renewables Pte. Ltd. Second Party Opinion.