Energy

Societe Generale awarded several awards at the Project Finance International Awards 2022

Although it is becoming increasingly well established in Asia, the potential of renewable energy to help combat climate change remains huge in a region that accounts for 60% of the world’s population and more than 50% of global carbon emissions.

The world is betting on hydrogen. This simplest of elements is increasingly being regarded as a big part of the solution to global climate change. However the world is only at the start of a potential ‘hydrogen economy’ and Asia boasts some of the most interesting potential.

Societe Generale won several awards at the Project Finance International Awards 2021

An innovative financing package for Japan’s Azuma Kofuji solar facility could provide a template for renewables projects that meet the country’s unique requirements.

First non-recourse green loan in China’s distributed solar sector is a landmark financing for commercial and industrial customers

The first large-scale floating solar installation in Indonesia will set a template for a growing number of similar projects planned in Southeast Asia and beyond. As well as helping Asia reduce its reliance on coal-fired power, this technology offers some compelling advantages over other clean energy solutions.

Societe Generale is working with the Asian Development Bank (ADB) to finance a wind power project in Vietnam that helps accelerate the energy transition in Southeast Asia.

India aims to generate 275 Gigawatts (GW) of renewable energy capacity by 2027, up from 136 GW today. Societe Generale is supporting this critical energy transition goal, as illustrated by recent financing of SB Energy and ENGIE’s solar projects.

Marubeni sponsored two first-of-a-kind renewable energy projects, including an offshore windfarm in Japan and a floating solar project in Taiwan, expanding its renewable energy generation business and contributing to energy transition in the region.