The Singapore-based renewable energy solutions company Right People Renewable Energy (RPRE) has successfully launched a Mini Green Bond, addressing solar PV and energy storage solution at a dive resort in Indonesia. By shifting from diesel generators to renewable and storage energy, Gangga Island Resort & Spa in northern Sulawesi will reduce their emissions and carbon footprint, avoiding up to 2,000 tons of CO2 emissions over the next 20 years.
RPRE’s Mini Green Bond has a running time of 4 years and and issue size of US$300,000, yielding an Internal Rate of Return (IRR) of 12,7%. It was co-invested by Octava Impact Investments Pte Ltd and an individual investor, remaining private. All the issues align with the Green Bond Principles created by the International Capital Market Association, providing process guidelines for transparency or integrity of information for the stakeholders.
By providing this Bond, RPRE wants to release its working capital to develop more environmentally and socially positive investment opportunities, a field still lacking possibilities especially for mid-sized companies who want to transition to renewable energy.