Sugar Valley Energy gets green light for green bond financing

In California, the Desert Review reports the International Capital Market Association has verified California Ethanol + Power (CE+P)’s Sugar Valley Energy project complies with the requirements to secure green bond financing according to ICMA’s Green Bond Principles. The principles were established to ensure that projects seeking funding through green bonds are truly sustainable.  The first bond sought will be for $575 million followed by another for between $250 million and $300 million. The first tranche will be for power and wastewater while the second will be for building the actual ethanol plant.