ABA Bank becomes anchor investor in green bond for Cambodia's solar energy future
25/Apr/2025
ABA Bank has solidified its commitment to sustainable development by becoming the first and largest green bond investor in SchneiTec Dynamic's pioneering green bond. This landmark transaction marks Cambodia's first-ever green project bonds dedicated to bolstering the Kingdom's rapidly expanding solar power infrastructure.
ABA Bank has demonstrated its strong belief in this green initiative, becoming the anchor investor. This significant participation is reflecting the bank's appetite for corporate lending and capability to handle complex, structured transactions for corporate customers and SMEs.
SchneiTec Dynamic, a special-purpose company established for developing and operating renewable energy solutions, will utilize the proceeds from this green bond to accelerate the development of solar energy capacity across the country. This initiative directly supports Cambodia's national objectives of enhancing energy security and transitioning towards cleaner energy sources.
Investments in green energy infrastructure are anticipated to yield numerous economic and environmental benefits for Cambodia, including cheaper production costs, more affordable energy for consumers, and a boost to the country's regional competitiveness.
"We believe this investment in SchneiTec Dynamic's green bond is a significant step towards a more sustainable energy future for Cambodia. We are proud to be the anchor investor in this first-of-its-kind project, which we believe will pave the way for further green financing in the Kingdom" commented Chanthida Huot, Chief Corporate Banking Officer of ABA Bank.
About ABA Bank
ABA Bank is Cambodia's largest commercial bank by assets, deposits, loans, and profitability, according to the Annual Supervision Report 2021-2023 of the National Bank of Cambodia.
The Bank's wide-reaching footprint covers 99 branches, 46 self-banking spots, 1,700+ self-banking machines, and advanced online and mobile banking platforms, providing more than 4.5 million customers with the convenience of modern financial services.
About SchneiTec Dynamic
SchneiTec Co. Ltd. is the first-ranking company in supplying renewable energy solutions and a leading solar farm company in Cambodia, responsible for building the largest solar farms in the country.
SchneiTec Dynamic Co., Ltd. is a special-purpose company established to develop and operate the 60 MW solar photovoltaic power plant in Kampong Chhnang province, financed partly by the green bond.
