Korea Development Bank wins PFI’Deal of the Year’ as a global green finance PF

Korea Development Bank headquarters [사진=아이뉴스24 DB]


[아이뉴스24 김다운 기자] On the 1st, Korea Development Bank announced that even in the business environment shrunken by the coronavirus, five projects that the Korea Development Bank participated in financial arrangements in 2020 were selected as’Deal of the Year’ awarded by the Global Project Finance (PF) journal PFI (Project Finance International). Revealed.

Korea Development Bank started its overseas PF expansion in 2011 and won about 5 PFI Awards every year.

It is explained that the UK Dogger Bank Offshore Wind Power and Taiwan Changfang Offshore Wind Power, which participated in financial arrangements in 2020, were selected as the’Global Green Deal of the Year’ and’Asia Pacific Renewable Deal of the Year’ by PFI magazine, leading global green finance.

To date, the Korea Development Bank has completed financing arrangements of about 6.4 trillion won for 74 new and renewable energy projects such as domestic and foreign solar power and wind power, leading to the expansion of power generation facilities of about 14GW.

In terms of environment, the scale of this facility can reduce carbon emissions by about 750 million tons, which is the effect of planting 5.4 billion pine trees.

This year, the Korea Development Bank is planning to accelerate the support of new and renewable energy in line with the government’s new and renewable energy expansion policy by intensively investing banking resources into green finance such as the establishment of the policy and green planning sector.

In addition, it is expected that Korea Development Bank’s unique financial structure design capability will play a large role in the successful expansion of offshore wind power, which is highlighted as a major field of the Green New Deal, the RE100 business to strengthen the competitiveness of Korean companies, and hydrogen-related businesses.

The Korea Development Bank has experience in financing a total of 6GW for 10 offshore wind turbines in the UK, Germany, and Taiwan after the UK’s Galloper Offshore Wind Power in 2016.

Reporter Daun Kim [email protected]











Source