Green Bond Fact Sheet

GSP Renewable Energy Pte Ltd

Date: 12/02/2020

Issue date: 30-07-2019 Maturity date: 30-07-2024 Tenor: 5Issuer NameGSP Renewable
Energy Pte Ltd

Amount Issued

USD15mCountry of risk

China

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond Type

UnsecuredGreen Bond Framework

Link to Framework

Second party opinion

HKQAA

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☒ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

GSP Renewable Energy Pte Ltd. is a private company limited by shares, incorporated in2018 in Singapore. The Business's principal activity is generation of electricity by sources
such as like solar power and biofuels.

Firsts, records andcertifications
Proceeds description

The use of proceeds will be used for renewable energy projects. The first batch of
distributed rooftop solar stations on the rooftop of GLP (investment manager) selectedlogistics parks have a install capacity of 34.39MWp, of which 6.99MWp is located in Beijing,
11.0MW in Shanghai, 16.4MW in Suzhou and 1.0MW in Wuxi where the local electricity
demand is very strong and the local governments have released the subsidy policies.

Climate Bonds view

This green bond issued by a Singapore-registered company, GSP, and listed in Hong
Kong Stock Exchange. With total issuance amount of USD15m, the whole use ofproceeds will be financed the renewable projects in mainland China. This bond is partof the company’s Project Clover which is in line with the Green Finance Certification
Scheme. We are pleased to see the full description of the environmental impact and
we encourage more issuers to have a clear disclosure for the environmental
assessment.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign