Mitsubishi Heavy to borrow money using CO2 credits

18 Mar, 2007

Mitsubishi Heavy Industries Ltd plans to finance a Bulgarian wind farm by using the resulting greenhouse gas emission rights as collateral, the first such financing plan in the world, a report said Saturday.
The Japan Bank for International Co-operation and Mizuho Corporate Bank will extend a syndicated loan of 38 million euro (50 million dollars), the Japanese business daily Nikkei reported, without clarifying sources.

Read Comments