In a groundbreaking move for sustainable finance, the China subsidiary of a top-tier global bank has pioneered a hundreds of million RMB green loan facility dedicated to rooftop photovoltaic projects. This innovative financing solution empowers a leading domestic conglomerate to accelerate the deployment of distributed solar energy infrastructure across its new energy subsidiaries, demonstrating foreign financial institutions’ growing commitment to China’s dual carbon goals.
The loans not only align with the internationally recognized Green Loan Principles (jointly established by the Loan Market Association and the Asia Pacific Loan Market Association), but also pioneer new pathways for foreign financial institutions to engage with China’s green finance policy framework by application for the People’s Bank of China’s carbon reduction support instrument - a targeted monetary policy mechanism launched in November 2021 to channel financial resources into key emission-intensive sectors through preferential liquidity provisions.
AllBright Law Offices, led by senior partner David Li, with support from senior partner Laura Zhao, Shirley Cao, Laney Gao and Lorrie Lou, acted as the legal advisor to the lender in this transaction.