HSBC 2015 Annual Report Download - page 39

Case study: Enel
Italy, Energy
multinational
One of the leading integrated
global operators in the gas
and electricity sectors with
operations in more than
30 countries across four
continents. Enel is one of the
world’s major producers of
clean energy.
Enel Green Power
Enel Green Power (‘EGP’) is
a publicly traded Enel Group
company dedicated to the
production of energy from
renewable sources. In 2015,
HSBC assisted EGP as financial
adviser on its acquisition of a
majority stake in the Indian
wind and solar company BLP
Energy. The transaction marks
EGP’s entry into the Indian
renewable energy market and
its first move into the Asia-
Pacific region.
Number of markets
where served
9
Number of products
provided
8
Climate business
HSBC helps facilitate
investment in areas including
infrastructure and renewable
energy that help lower carbon
dioxide emissions.
In 2015, the Group issued a
green bond for the first time
when HSBC France raised
€500m ($554m) to fund
customers and projects in the
following sectors: renewables,
energy efficiency, sustainable
waste and water management,
sustainable land use, climate
change adaptation, and clean
buildings and transportation.
HSBC also pledged to invest
$1bn in a portfolio of green, social
or sustainable bonds.
We also helped CLP Windfarms
become the first Indian corporate
to issue a public green bond,
and Vestas Wind Systems, based
in Denmark, issue the first
green bond by a wind turbine
manufacturer. We also helped
Agricultural Bank of China issue
HSBC also acted as lead
arranger in securing export
financing for EGP’s delivery
of four solar power projects
in South Africa. The financing
of €145m was fully covered
by SACE, the Italian export
credit agency, and underlines
our capabilities in export
finance and the renewable
energy sector.
the first international green bond
from a Chinese bank.
Another example of our work
facilitating a low-carbon economy
involves our team dedicated to
bus rapid transit systems. These
use prioritised bus lanes in urban
areas to cut journey times, reduce
pollution and increase road safety.
We helped finance 466 efficient
buses in 2015, in countries
including Ghana and South Africa.
Since the team was created in
2005, it has helped finance 4,500
buses and equipment such
as workshops and ticketing
systems. We are also a
member of the United Nations
Partnership on Sustainable,
Low Carbon Transport.
In 2015, we also helped finance
three renewable energy deals in
the US, and an energy efficiency
programme in the UK to install
around seven million electricity
and gas smart meters in homes
and businesses.
Geothermal plant,
Nevada, US
The Enel Group pioneered
the use of geothermal
electricity generation
more than 100 years ago
in Italy and remains a
global leader in the sector.
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