Guatemala, June 8, 2022. CMI Energy, part of the CMI Capital Business Group, itself a part of Corporación Multi Inversiones -CMI-, received the Green Market Pioneer in 2021 award at the seventh edition of the Climate Bonds Awards, for its commitment and innovation in the renewable energy finance industry. This international event, organized by Initiative Climate Bonds, rewards leadership, best practices, and innovation in green and sustainable finance.
Since 2016, the Climate Bonds Awards have honored 175 organizations that demonstrated leadership in financing climate-resilient, low-carbon projects in different countries and markets, based on 23 categories to evaluate participating businesses.
"This recognition fills us with satisfaction and allows us to reaffirm our commitment to the continuous growth and generation of investments with impact that lead to the sustainable development of the countries and communities where we operate. Investing in renewable energy is, without a doubt, investing in integral sustainability. Therefore, it is essential to promote a reliable, affordable and decarbonized energy system to continue contributing to the social, economic and environmental growth of countries," said Enrique Crespo, CEO of CMI Capital.
Therefore, CMI Capital remains faithful to its purpose of generating impactful investments that drive sustainable development in projects and businesses, seeking to grow together with its employees, clients, suppliers and neighboring communities.
CMI Energy: a leader in the renewable energy industry
CMI Energy owns and operates energy generation and commercialization assets. It is the largest and most diversified private renewable energy generation company in Central America and the Caribbean. With a generation of more than 800MW, it has a presence in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Dominican Republic; with hydro, wind and solar technologies.
In 2021, CMI Energy successfully placed US$700 million in green bonds in the international market and closed a US$300 million syndicated loan to refinance all of its project finance debt. In this way, CMI consolidated its strengths as a group of business excellence and continuous growth, with knowledge and experience in the operation of businesses in the region.
"The placement of US$700 million in green bonds was the largest placement by a renewable energy company in Central America and the Caribbean to date, representing CMI Energy's entry into the international capital market with the largest and most diversified private markets, with a 100 percent renewable energy portfolio in the region," Crespo said.
After the placement of green bonds, CMI Energy continues with its objective of making sustainable investments with a positive impact, highlighting its contribution to the reduction of greenhouse gas emissions and the decarbonization and diversification of the regional energy grid with renewable energy in the countries where it operates.
This award is the result of CMI Capital's strong commitment to sustainability, including the environmental, social and economic axes, to promote well-being and security in the countries where it operates.