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Contact Energy wins Innovation in Energy award for green borrowing program

Screenshot from the video featuring Contact Energy's Te Mihi geothermal power plant in NZ
Alexander Richter 26 Aug 2019

New Zealand-based power company Contact Energy wins Excellence in Energy Award by Deloitte in New Zealand in the Enegy Innovation category for its sustainable financing efforts with its green borrowing program set up with ANZ bank in New Zealand.

At the 10th annual Deloitte Energy Excellence Awards in New Zealand, Contact Energy was finalist in three categories – Innovation in Energy, Low Carbon Future and the Well-being awards.

Now, the company announced that the company took home the Innovation in Energy award for our world leading Green Borrowing Programme. The Contact Energy team, with support of  ANZ Bank Sustainable Finance and Ernst & Young, were the first to bring certified green debt to the New Zealand market through the programme.

Contact Energy lights the way for sustainable finance. – “Contact is committed to decarbonisation and to promoting sustainable energy sources. We believe that access to affordable, long term capital is one of the essential components required if we are to be successful in delivering on the commitments under the Paris Agreement. By obtaining green certification for its funding portfolio, Contact has established itself as a leader in capital markets and as a corporate taking tangible steps to support a sustainable economy. The unique approach enables Contact to achieve the benefits of green funding in an efficient, innovative and transparent way and provides a strong financing platform for future generation development. Contact is proud to be taking a lead in the development of this aspect of capital markets.”

Congratulations Contact Energy.

ANZ & Contact Energy – Green borrowing programme from ANZ Communications on Vimeo.

Source: Contact Energy/ EnergyAwards