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Vigeo Eiris has provided a Climate Bond Initiative (CBI) Pre Issuance Verification for Grupo Cobra’s first Green Loan for the financing of the Kincardine Offshore Windfarm Limited project (Kincardine)

The proceeds of the loan, for which Natixis acted as sole green loan coordinator, will be exclusively allocated to the future payments and/or reimbursements of expenses related to the Kincardine project located off the coast of Scotland in the North Sea, which will be the largest floating offshore wind farm in the world when completed.

We have provided a CBI Pre Issuance Verification conducted in accordance with the Climate Bonds Standard (CBS) version 2.1 covering both the general requirements to be applied for all Climate Bonds and Marine Renewable Criteria.

Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, the Americas and Asia. We were the 3rd biggest SPO provider in the market by number of deals in 2019 and are a Climate Bonds Standard Approved Verifier.

Cobra Instalaciones y Servicios SA provides engineering, installation, and maintenance of industrial and energy infrastructures. The Company offers security systems, electrical and building installations, mechanical erection, instrumentation and control, fire protection, communications, and consulting services management. Cobra Instalaciones y Servicios serves customers worldwide.

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