Project Details
Project
IC Enterra Green Financing Framework SPO (2025)
Client
IC Enterra
Project Type
Green Bond/Loan
Industry Group
Energy Services
Use of Proceeds
Renewable energy
Location
Türkiye
Evaluation Date
Dec 2025
Evaluation Summary
IC Enterra has developed the Green Financing Framework dated December 2025, under which IC Enterra and its subsidiaries intend to issue green bonds, private debt placements and hybrid bonds,1 and obtain green loans and syndicated loans to fund projects in Türkiye under one environmental category. The green loans obtained under the Framework may include revolving credit facilities and loan tranches.
We have assessed the overall Sustainability Contribution of the Framework as Strong, based on the average Sustainability Contribution of the Framework’s single use of proceeds category.
IC Enterra intends to finance environmental expenditures in Renewable Energy Production. Investments in solar PV and hydropower projects under the category strongly support the goal of zero-emission energy systems and will further contribute to Türkiye’s low-carbon transition. These investments have life cycle GHG emission intensities below the technology-agnostic threshold of 100 g CO2e/kWh and are aligned with limiting global temperature rise at 2°C.