Green Bond Fact SheetStar Energy Geothermal (Wayang Windu) Ltd

Date: 24-Apr-2018

Issue date:24-Apr-2018 Maturity date:24-Apr-2033 Tenor:15
Issuer NameStar EnergyGeothermal (WayangWindu) Ltd

Amount Issued

USD580m

Country of risk

Indonesia

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeGreen Bond

Green Bond Framework

Link to Framework

Second party opinion

Carbon Trust

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating☒ 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☐ 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☐ Wastewater
treatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

N/A

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
Reporting

The issuer will annually publish a Green Bond report on its website disclosing information on
the installed geothermal capacity and estimated avoided CO2 emissions. The report will beverified by an independent assurer.

Company information

Star Energy Geothermal (Wayang Windu) Ltd is a leading geothermal energy
company and owns the 227MW Wayang Windu geothermal power plans in West
Java, Indonesia. The company is a direct subsidiary of Star Energy Geothermal Pte.
Ltd.

Firsts, records andcertifications

Third Indonesian issuer and first from the geothermal energy sector.

Proceeds description

Proceeds will be used to finance the Wayang Windu Geothermal power plant andspecifically assets with emissions of less than 100g CO2 per kWh estimated carbon
intensity. Carbon Trust notes that this compares favourably to the Indonesiannational average emission factor for electricity of over 730g CO2 per kWh.

Climate Bonds view

The carbon intensity threshold set by the issuer is aligned with the Geothermal
Criteria of the Climate Bonds Standard, which demonstrates a high level ofambition.

Underwriters

Barclays, Development Bank of Singapore, Deutsche Bank

Deal comments
Credit Rating

Ba3 (Moody’s)

Pricing summary
Investors summary

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