Green Bond Fact Sheet

Athon Energia

Date: 29/08/2019

Issue date: 19-07-2019 Maturity date: 19-07-2029 Tenor: 10Issuer Name

Athon Energia S.A.

Amount Issued

BRL40m/USD11m

Country of risk

BrazilCBI Database

Included

Issuer Type1

Non-financial
corporate

Bond TypePrivate placement

Green Bond Framework

N/A

Second party opinion

Sitawi

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 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☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ 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
Reporting

The issuer has stated it will provide regular reports (period undisclosed) on its website. Thesewill include the allocation of proceeds (until these are fully spent) and the environmental
impacts, namely renewable energy generation in GWh and GHG emissions avoided in tCO2e(until bond maturity). Athon will also provide monthly updates to bondholders, which will
include more information (e.g. financial ratios, utilisation rates, etc).

Issuer information

Athon Energia is a solar energy company. It is mainly active in PV distributed generation,including the planning, construction and operation/maintenance of small-scale, distributed
solar PV plants. Its target clients are companies with energy consumption of at least
150MWh or expenditure upwards of BRL120k (USD29k) per month. Athon has a goal ofachieving a portfolio of at least 100MW in the next 3 years. It is also developing projects
related to energy efficiency and tech innovation for electrical energy.

Firsts, records andcertificationsFirst private placement deal from Brazil since September 2017.

Proceeds description

The proceeds will finance six solar PV projects, all falling under distributed energy
generation (i.e. above 75kW and under 5MW) and with commercial contracts in place. One
is already built and operational, while the other five are expected to be complete by April
2020. They cover five different Brazilian states

Climate Bonds view

The focus on distributed generation of solar energy is important as it can increase network
resilience and add independence for end users – we hope more green bonds will support
this expansion, possibly even from energy companies that traditionally operate via more
centralised generation structures.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary1

One investor (XP Infra II Fundo de Investimento em Participações em Infraestrutura)

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