Green Bond Fact Sheet

Ijsbeer Energie Europa BV

Date: 01/10/2020

Issue date: 07-09-2020 Maturity date: 07-09-2023 Tenor: 3Issuer nameIjsbeer Energie Europa
BV

Amount issued

EUR35m/USD39m

Country of risk

Netherlands

CBI Database

IncludedIssuer type1

Non-FinancialCorporate

Bond type

N/A

Green bond framework

N/A

Second party opinion

CICERO

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

After the project has been constructed the company will publicly disclose both impact andallocation reporting on an annual basis. Allocation reporting will comprise a list of all eligible
projects on a project-by-project basis. Impact reporting will vary based on category and may
display actual or estimated environmental impact.
IJsbeer Energie Green Power owns and operates a 12.5 MW renewable combined heat andpower facility, commissioned in 2010. It is part of the Norwegian energy group Kvitebjørn
Energy AS, which also owns and operates a 25 MW waste-to-energy facility in Fredrikstadand Tromsø, including a district heating system, and a 275 GWh energy recovery plant inSalten, Norway.

Firsts, records andcertifications
Proceeds description

IJsbeer’s green bond framework is directed at its underlying project, Project Ice Block,which will use circular economy as a guiding principle to retrofit the existing combined heatand power (CHP) facility to increase energy utilization of the facility from 25% to 90%. The
framework will finance technologies and assets associated with retrofitting the existing CHP
facility to include the production of pallet blocks and hot water, in addition to existing
renewable energy generation.

Climate Bonds view

The project that this company’s green bond(s) will finance is aimed at an ambitious targetof a 65% increase in energy utilisation of the CHP facility. It underscores the role andrelevance of not only building new renewable energy generation capacity but also
refurbishing existing facilities for energy efficiency and the production of other key
sustainable resources. It is great to see such commitments being financed through green
bonds, and we hope that this “all-round” circular economy approach will be adopted andembedded by more companies across industries.

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