Second-Party Opinion Download

Intersect USA, LLC has developed the Intersect Green Financing Framework, dated November 2025, under which it intends to issue green bonds, including secured bonds and securitizations, obtain green loans, including multi-tranche loans and revolving facilities, and obtain other green financing instruments, including bonding lines, guarantee lines or letters of credit. These instruments are intended to fund projects in the US and Canada in three environmental categories. 

We have assessed the overall Sustainability Contribution of the Framework as Strong, based on the average Sustainability Contribution of the Framework’s three use of proceeds categories. As per our methodology, we have applied equal weighting across categories.

Under the Renewable Energy and Energy Efficiency categories, Intersect intends to finance renewable energy generation, green hydrogen production, battery energy storage systems (BESS), green hydrogen storage, associated transmission infrastructure connecting eligible projects with co-located storage systems, and related research and development (R&D) activities. Expenditures under both categories are expected to strongly contribute to the global energy transition and the decarbonization of the energy sector.