Green Bond Fact Sheet
Elliot Green Power

Date: 23/9/2019

Issue date: December 2018 Maturity date: Confidential Tenor: Confidential
Issuer Name

Elliot Green Power

Amount Issued

AUD260.5m/USD183.4m

Country of risk

Australia

CBI Database

Included

Issuer Type1

Non-financial corporate

Bond Type

Loan

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Certified under Climate
Bonds Standard v2.1,
including sector-specificcriteria for:

Assurance report

Pre Issuance Verification

DNV GL

Green bond rating

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

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ 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☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience• Solar (Version 2.1)
Certification Verifier
Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ 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

Annual reports will be made available to the lenders, as well as to CBI. These reports will havedetails on the allocation of proceeds, as well as the locations and installed capacities of thesolar farms. The reports will also include estimates of the avoided GHG emissions.
EGP is an Independent Power Producer (IPP) of solar PV projects in Australia. It is owned byElliot Management Corporation (EMC), one of the largest hedge funds in the world. EMC also
has investments in solar energy in the UK and Spain.
In 2017, EGP began investing in these three solar farms in Australia. All three will complete
construction and become operational by the end of 2019.

Firsts, records andcertifications
Proceeds description

This is the first Independent Power Producer in Australia to receive Certification.
The proceeds will be used to finance and refinance the development of 3 solar farms acrossQueensland and New South Wales in Australia, with a combined design capacity of 302MW.

Climate Bonds view

This loan received Certification retroactively and shows that awareness of Certification isgrowing in the loan markets too.

Underwriters

Confidential

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