Green Financing

Our two solar power projects in Kuala Muda, Kedah, namely Leader Solar Energy Sdn Bhd (LSE) and Leader Solar Energy II Sdn Bhd (LSE II) has developed the ASEAN Green Sustainable and Responsible Investment (“ASEAN Green SRI”) Sukuk Wakalah Framework. The ASEAN Green SRI Sukuk Wakalah Framework is developed in line with the Securities Commission Malaysia (“SC”) SRI Sukuk Framework and ASEAN Capital Markets Forum (“ACMF”)’s ASEAN Green Bond Standards based on the International Capital Markets Association (“ICMA”)’s Green Bond Principles. The ASEAN Green SRI Sukuk Wakalah Framework covers the core components as follows :-

  1. Utilization of Proceeds
  2. Process for Project Evaluation and Selection
  3. Health, Safety and Environmental (HSE) measures during Construction and Operation & Maintenance period
  4. Management of Proceeds
  5. Annual Reporting

Leader Energy Sdn Bhd (“LESB”), the holding company of LSE and LSE II intends to issue the ASEAN Green SRI Sukuk Wakalah, with the aim of financing climate and environmentally friendly solar projects which also contributes to the social and economic development of the communities. Malaysian Rating Corporation Berhad (MARC) has assigned a “Gold” Impact Assessment to LESB’s proposed ASEAN Green SRI Sukuk Wakalah programme based on their review of the relevant documentation and assessment as per MARC’s Impact Bond Assessment (IBA) methodology.

Please click the following links for more details:

 

 

BACK TO SUSTAINABILITY

Original Allocation of LESB’s ASEAN Green SRI Sukuk Wakalah of RM260.00 million in Nominal Value to the Eligible Green SRI Projects^

Actual Utilisation of LESB’s ASEAN Green SRI Sukuk Wakalah of RM260.00 million in Nominal Value to the Eligible Green SRI Projects^

Environmental Benefits for Eligible Green SRI Projects^ for Full Year 2022

^ Eligible Green SRI Projects:

‘LSE I Project’ – a solar photovoltaic energy generating facility with a capacity of 29MWac located at Mukim Sungai Pasir, Daerah Kuala Muda, Negeri Kedah.

‘LSE II Project’ – a solar photovoltaic energy generating facility with a capacity of 20MWac located at Pekan Bukit Selambau, Daerah Kuala Muda, Negeri Kedah.

# Carbon Avoidance – Carbon avoidance referred to the information available in Sustainable Energy Development Authority (SEDA)’s website (https://www.seda.gov.my/statistics-monitoring/co2-avoidance/) in which the baseline CO2 for Peninsular Malaysia is 0.639 tCO2/MWh.