As a committed and responsible partner in tackling today's climate challenges, Societe Generale offers a comprehensive range of finance and advisory services for energy projects around the world. The Group has been active in the renewable energy for over a decade, taking a pioneering role in the funding of renewables, supporting innovative start-ups as well as financing large-scale projects. Today as one of the world's top ten financers of renewable energies, the bank remains more committed than ever to accompanying the development of all industry players. Societe Generale is also the world leader in Liquefied Natural Gas, an energy source helping the shift towards a lower carbon economy and which will play according to the IEA a growing part in meeting world energy needs. Discover our commitments and a few of the financing solutions realised for our clients.
Financing sustainable transport
ADIF Alta Velocidad, the state owned public corporation responsible for Spain's highspeed rail network, has successfully launched its second €600 million Green Bond, with Societe Generale playing an important role in the issuance and acting as joint bookrunner of the operation. The transaction demonstrates the company's commitment to clean transportation and energy efficiency by allocating the proceeds of the transaction to investments in new rail lines and rail lines extensions. ADIF AV will also promote sustainable transport investing in the maintenance, upgrades and energy efficiency of the rail system.
It’s Asia’s turn for offshore wind farms
The financial close of Asia’s first commercial-scale offshore wind farm to be project financed, Formosa 1 in Taiwan, marked a key step forward for the island’s efforts to increase the share of renewables for its future electricity generation. Taiwan’s power sector is expected to undergo significant transformation over the next decade as its government targets its goal of generating 5.5 GW of offshore wind power total installed capacity by 2025.
ALD issues 1st ever Positive Impact Bond to finance green vehicle fleet
ALD successfully issued an inaugural Positive Impact Bond, a €500m 4-years fixed-rate senior note, demonstrating its commitment to finding innovative financial solutions to fund clean transportation and promote the transition to a low-carbon future. The proceeds of the bond will be exclusively used to finance or refinance eligible vehicles. ALD has selected an initial portfolio of 14,348 vehicles to finance: 24% Electric vehicles and 76% hybrid electric vehicle and plug-in hybrids vehicles, across 13 countries in Europe.
Financing low-carbon transport in Norway
SG Finans, part of Societe Generale Equipment Finance, and The European Investment Bank signed a €180 million (NOK 1.73 billion) credit line to support low-carbon transport and equipment leasing in Norway. In view of the climate commitment of both entities, 70% of the loan will support investments in climate-friendly transport projects. The first project signed is with Norwegian bus company Norgesbuss for the acquisition of 17 electric buses, giving a major boost to sustainable transport and energy transition in Norway.
Societe Generale announces the acquisition of Lumo
Lumo is a French fintech that since 2012 has been combining leading expertise in crowdfunding and renewable energies to accelerate the energy transition. It gives individuals and companies the opportunity to help finance a selection of renewable energy projects in France.
Pierre Palmieri Head of Global Finance & Head of Sustainable and Positive Impact Finance
With this transaction, we are reaffirming our willingness to continually adapt our sustainable and positive impact finance approach by drawing on our innovative skills and pioneering spirit to support the energy transition.
The Fintech Lumo joins Societe Generale
Crowdfunding, a new reality for renewable energy
In order to strengthen regional support for renewable energy projects, and thereby accelerate the energy transition, the French government has decided to systematically encourage crowdfunding in future calls for tenders. Those active in the sector - developers, investors and financing parties - should adapt to this new reality.
Strengthening our commitments against climate change
"In a responsible manner, and with the will to reinforce our commitment, we have decided to take strong new measures in favour of a less carbon-intensive economy, with on one hand the objective to contribute to raising €100 billion in financing for the energy transition by 2020 and, on the other hand, the strengthening of our sectoral Environmental and Social Oil and Gas policy, " announced Frédéric Oudéa, Chief Executive Officer of Societe Generale.
Promoting the development of renewable energy
Partnerships and financing
Societe Generale is committed to working alongside SMEs and other businesses in support of renewable energies:
Timely financing for the first US offshore wind farm
Christophe Mianné: Supporting renewable energies
Beryl Solar Farm Powers Sydney’s New Generation Metro Railway
Beryl Solar Farm helps deliver Sydney’s new fully automated train services in 2019. The Beryl Solar Farm, one of the biggest solar projects in the state, will be powered by more than 260,000 advanced solar modules and will produce enough green energy to displace more than 167,000 metric tons of carbon dioxide emissions per year – the equivalent to taking about 45,000 cars off the road.
First 'Green' financing in the maritime transport sector
The European Investment Bank, Societe Generale and Brittany Ferries successfully signed the first green financing in the Green Shipping Guarantee programme. With the acquisition of its new ship "Honfleur", Brittany Ferries confirms its momentum to develop Liquefied Natural Gas, currently the cleanest fuel source, thus contributing to a significant improvement in the environmental performance of its fleet.
Wind farm in Queensland shapes the future of renewable energy
Expected to be completed in 2018, the Mount Emerald Wind Farm project will have 53 new Vestas wind turbines installed in Queensland, Australia. With a total capacity of 180 megawatts, it is deemed as one of the largest renewable energy developments in the region, bringing numerous long term economic and environmental benefits. The project will help the Queensland Government achieve its target of 50% of electricity supplied by renewable sources by 2030.
Waste-to-energy: a greener environment for local communities
Through its expertise in environmental financing, Societe Generale is supporting waste-to-energy plants with tangible benefits for local communities. Societe Generale is helping to finance a series of waste-to-energy plants in France and beyond that are not only addressing the waste treatment issue, but also generating energy. They are therefore significantly improving the environment for local communities.
Supporting renewable energy in Australia
Royalla Solar Farm is Societe Generale’s first solar power project in Asia Pacific and well complements its existing wind, hydro and geothermal portfolio. Societe Generale leverages on its renewable energy project finance and interest rate hedging expertise to contribute to the success of Royalla Solar Farm project, and consequently supporting sustainable development in Australia.
Generating power for thousands of European households by blowing in the wind
At the heart of its commitment to financing renewable energy, Societe Generale supports major windfarm projects in Europe. Societe Generale will continue to explore opportunities around windfarms and renewable energy following successful involvement in several high-profile projects in the space for the benefit of hundreds of thousands of households
Supporting the energy transition
Partnerships and financial advice
Societe Generale acts as an advisor in the Liquefied Natural Gas sector, an energy source expected to play an increasingly important role in the world energy industry in the context of a transition to low-carbon energy.
Cheniere Energy: Supporting a key player in the LNG industry
Heading towards more positive impact funding
Bonds and transactions
‘Positive Impact Finance’ aims to define a common methodology for all actors in the financial sector, allowing the identification of projects with a positive impact on at least one of the three key elements of Sustainable Development – the environment, society and economic development – and whose negative impacts are managed in an effective manner.
Societe Generale becomes the first foreign bank to issue TWD denominated Positive Impact Bonds in Taiwan
Success of the second positive impact bond issuance of Societe Generale contributing to the fight against climate change
Success of the first positive impact bond issuance contributing to the financing of a low-carbon economy
The City of Paris launches its inaugural Climate bond
The Positive Impact Manifesto
Socially responsible investments
"When we talk about ‘long term', we're talking about how companies are changing their behaviour."
Félix Orsini, Global Co-Head, Debt Capital Markets Corporate Origination, co-manage a worldwide team of around 40 people whose job is to advise major corporations on all aspects of raising finance in the bond markets.
FOR MORE INFORMATION
The environmental policy of the Group has two goals: to reduce the environmental impact of its activities and to promote a rational, optimized use of natural resources and energy.
Discover all our CSR publications for information on our extra-financial efforts and performance.