Sociedade Bioelétrica do Mondego, S.A. ("SBM") is a Portuguese company, wholly-owned by the GreenVolt, part of Altri's Group, which is primarily engaged in the construction, operation and maintenance of a 34.5 MW capacity biomass power plant located in Figueira da Foz, Portugal.
In order to finance its investments, SBM has developed the SBM Green Bond Framework under which it has issued the SBM 2019-2029 Green Bond.
The using of proceeds will be exclusively allocated to finance the development of the 34.5 MW capacity biomass power plant, which will be attached to the pulp mill of its sister company, Celbi.
The Framework defines eligibility criteria in the following areas:
- Renewable and Clean Energy
- Integrated Pollution Prevention and Control
SBM engaged Sustainalytics to review the SBM Green Bond Framework, from which it has obtained a positive Second-Party Opinion on the Framework’s environmental credentials and its alignment with the Green Bond Principles, published by the International Capital Market Association.