The Anonymous Widower

SSEN Transmission Signs Debut £750m Sustainability-Linked Facility

The title of this post, is the same as that of this news item from SSE.

This is the sub-heading.

SSEN Transmission has signed its first ever sustainability-linked Revolving Credit Facility (RCF), further reinforcing the company’s commitment to sustainability in line with its Sustainability Action Plan.

This is the first paragraph.

The facility has been upgraded to include four key performance indicators, which have been designed to align with SSEN Transmission’s commitment to sustainability, and each indicator will be assessed annually during the term of the loan, thus bringing greater alignment between SSEN Transmission’s sustainability and financing strategies.

It seems to be that SSEN Transmission are benefitting from some innovative financing.

As someone, who benefited from innovative financing from a bank manager in the past, I’m all for more of this, if it helps development of our renewables.

May 26, 2023 Posted by | Energy, Finance | , , , , | Leave a comment