Envision Energy Secures USD 600 Million Sustainability-Linked Syndicated Loan in Hong Kong

Envision Energy has announced the successful closing of a USD 600 million equivalent 1+2-year sustainability-linked syndicated term loan in Hong Kong.

This marks the company’s largest non-project syndicated loan in the international offshore credit market through a broadly distributed public syndication, attracting strong participation from leading global financial institutions, the company said in a statement.

It further added that the loan is jointly lead-arranged by Banco Bilbao Vizcaya Argentaria and Crédit Agricole Corporate and Investment Bank as Sustainability Structuring Coordinators, Mandated Lead Arrangers, Bookrunners, and Underwriters with a consortium of banks from various jurisdictions, including Australia, Germany, France, Italy, Spain, the Middle East and China.
The transaction received an overwhelming response from the banking community with over-subscription, and is upsized to USD 600 million equivalent from the initial amount of USD 500 million equivalent, with 13 banks participating in the final syndication and an additional USD 100 million greenshoe option, noted the statement.

The transaction is arranged as a sustainability-linked loan (SLL). Its structure is contingent on the achievement of Sustainability Performance Targets, including Scope 3 GHG emission intensity and annual wind turbine installed capacity. The framework complies with the Loan Market Association, Asia Pacific Loan Market Association, and Loan Syndications and Trading Association (LMA/APLMA/LSTA) Sustainability-Linked Loan Principles (SLLP) and has been independently verified by DNV Business Assurance.

Commenting on the development, Joseph Ma, Co-CFO of Envision Energy, said, “This financing enhances our flexibility to scale our innovations in renewable energy systems, energy storage, and green hydrogen while reinforcing our commitment to measurable sustainability performance. As we continue pioneering Physical Al to build the future energy system, we remain dedicated to building a secure, intelligent, and sustainable energy future, and to creating long-term value for our customers, partners, and society.”

Jorge González Jacob, Head of Corporate Lending of BBVA, said, “Envision’s resilient business model and measurable sustainability targets align closely with our financing priorities, strengthening our support for its long-term international expansion. We are proud to leverage BBVA’s global distribution platform and sustainable finance expertise to back business models that are accelerating the energy transition in dynamic markets such as Asia.”

Quentin Galmiche, Head of Corporate and Leveraged Finance, Asia Pacific from Credit Agricole CIB, said, “The success of this landmark transaction in China’s wind power sector demonstrates Envision Energy’s position as a global leader in renewable energy. Its commitment to sustainable development and its flexible international and diversified financial strategy impressed numerous banks, and generated strong market response, fully reflecting the confidence in Envision Energy’s strategic vision.”