Vena Energy Secures US$550 Million Green Letter of Credit Facility

Singapore-headquartered renewable energy firm Vena Energy, announced that it has secured a five-year US$550m multicurrency unfunded Green Letter of Credit Facility, enhancing financial flexibility and corporate liquidity.

In line with Vena Energy’s Green Financing Framework, utilisations are used only to support Eligible Projects, intended to contribute to two main environmental objectives, namely: (i) climate change mitigation, and (ii) pollution prevention and control.

BNP Paribas, Crédit Agricole Corporate and Investment Bank Singapore Branch, DBS Bank Ltd., ING Bank N.V. Singapore Branch, Intesa Sanpaolo S.P.A. Hong Kong Branch, MUFG Bank Ltd. Singapore Branch and Sumitomo Mitsui Banking Corporation Singapore Branch participated in the Facility as Mandated Lead Arrangers, with MUFG Bank Ltd. Singapore Branch acting as the Facility Agent.

Credit Agricole Corporate and Investment Bank Singapore Branch and MUFG Bank Ltd. Singapore Branch also acted as the Original Issuing Banks.

“We would like to thank our relationship banks for their continued trust and support in our activities. This facility will be instrumental to our organic growth across the region, as we continue to pursue our mission to accelerate the energy transition across APAC,” said Simone Grasso, Chief Investment Officer of Vena Energy.