Tag: AIB

Climate Action leader AIB raises €650 million in its sixth green bond issuance

Stuart Mitchell

AIB recently raised €650 million of Tier 2 sub-ordinated bank capital. This is the second green capital issuance by AIB, and its sixth green bond in total. The proceeds will contribute to the financing of projects with clear environmental and climate action benefits while further strengthening AIB’s capital position. The investment required to finance the global transition to a low carbon economy will need to increase to about $9 trillion a year to 2030 according to estimates from the Climate Policy Initiative. In the case of Ireland, the International Monetary…

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Irish Bank AIB announces agreement with NTR to buy energy from two new solar farms, providing 80% of AIB’s energy requirements

Stuart Mitchell

NTR has signed a Corporate Power Purchase Agreement (CPPA) with Irish banking group AIB to source energy generated from two solar farms NTR will construct in County Wexford. AIB is the first Irish company to conclude such an agreement, helping it deliver on its commitment to source 100% of its power requirements from certified renewable energy sources by 2030. While Ireland is typically associated with wind as an energy resource, solar too can play a key part in the renewables mix. The two solar farms at Enniscorthy and Gorey combined…

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