V.E, part of Moody’s ESG Solutions, has provided a Second Party Opinion (SPO) on Terna’s Green Bond Framework. The framework has been designed to finance projects related to connecting Italy’s power grid to renewable energy sources, increasing energy efficiency as well as quality of the grid by constructing new lines and substations. It was also considered to be aligned to the key recommendations of the EU Taxonomy Climate Delegated Act (June 2021).
We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of Terna’s Green Bond Framework. V.E is of the opinion that this Framework is aligned with the four core components the Green Bond Principles 2018 as well as the EU Taxonomy Climate Delegated Act (June 2021).
We express an advanced assurance on the contribution of these bonds to sustainability. The expected impacts of all three projects are considered advanced as they increase the amount of renewable energy in the country’s energy mix as well as increase the quality of service to the consumers through improvement of its efficiency and quality.
Terna Rete Elettrica Nazionale SpA (Terna) is an independent electricity Transmission System Operator. It deals with the management of electrical systems through the operation of the grid, efficiency of infrastructures and their maintenance through engineering and management of plants and grid developments.
V.E has produced more than 370 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.
To learn more about Terna’s Framework, read their Press Release.
To see our full Second Party Opinion, click here.
For more information on this mission and V.E’s Sustainable Finance Solutions:
Savannah Rowe Communications Assistant email@example.com