ACS SERVICIOS, COMUNICACIONES Y ENERGIA S.L GREEN BOND ANNUAL REPORT 2019
GREEN BOND CHARACTERISTICS
ISSUER: ACS, Servicios, Comunicaciones y Energía, S.L.
ISSUE DATE: 18th April 2018
ISSUE IDENTIFICATION NUMBER: XS1799545329
NOMINAL AMOUNT: EUR 750,000,000
MATURITY DATE: 18th April 2026
COUPON: 1.875% (Annual, Fixed)
COUPON PAYMENT: Annually in arrear
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USE OF PROCEEDSThe net proceeds of green financing
instruments will be used to finance and/or
refinance, in whole or in part, assets or
activities that meet the eligibility
requirements
The Paris Agreement on Climate Change aims to limit
global temperature rise this century below 2ºC.
Renewable Energies will play an instrumental role in
the transition to a low-carbon economy. Investing in
renewable energy production ACS SCE contributes to
provide people with cleaner, reliable, sustainable
energy and to combat climate change and its impacts
Eligible Projects will fall into four broad categories:
Production of
Renewable Energy
Transmission &
Distribution
Network Projects
Water and Water
Management
Eligible Eficiency
Energy
Wind (Onshore and
Offshore)
Solar (Photovoltaic or
Concentrated)
Hydro (essential that is
developed sustainably)
Connecting Renewable
Energy Sources
Required to connect or
support integration of
Renewable Energy inputs to
national grids and systems
Helps to maintain clean
water for reuse and to
optimize resource recovery
Helps to resolve water
scarcity, waste minimization,
alleviating unsustainable
waste generating
Reducing GHG emissions
with efficient, stable and
reliable energy.
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Since the issuance of the Bond two new projects (1 Wind Farm and 1 PV) have been selected as Eligible once verified that the eligibility criteria is met. The investments transactions during this period sum an amount of 307,23 Mill €
Additionally 6 projects (2 Wind Farm, 3 PV and 1 T&D ) have been sold and the returns obtained have been reinvested in the rest of the portfolio. The total divestment is calculated in 110 mill €
As 31st March 2019 635Mill € are allocated in the different projects that compose the ACS GB portfolio.
Unallocated 109 Mill € are identified as near future disbursements on Renewable Wind projects
Complete list and characteristics of the projects can be found in annex I
Third party assurance report of the use of Green bond profits can be found in annex II
FUND ALLOCATIONS
Fund allocation per category
WIND CSP PV T&D WATER HYDRO LIGHTING
0,00
50,00
100,00
150,00
200,00
250,00
Fund allocation per country
Spain
Peru
Uruguay
UK
Taiwan
US
Sudafrica
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TOTAL FUND ALLOCATIONS
8 Projects
Total Invested 418,43 Mill €
217,28 Mill € Finance
201,15 Mill € Refinance
6 Projects
Total Invested 85,78 Mill €
41,93 Mill € Finance
43,85 Mill € Refinance
1 Project
Total Invested 5,52 Mill €
1,72 Mill € Refinance
3,80 Mill€ Finance
WIND POWER GENERATION
SOLAR POWER GENERATION
HYDROELECTRIC POWER GENERATION
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TOTAL FUND ALLOCATIONS 9 Projects
Total Invested 84,32 Mill €
83,42 Mill € Refinance
0,9 Mill € Finance
3 Projects
Total Invested 22,46 Mill €
4,63 Mill€ Finance
17,83 Mill € Refinance
24 Projects
Total Invested 18,49 Mill €
18,49 Mill € Refinance
TRANSMISSION LINES
WATER MANAGEMENT
ENERGY EFFICIENCY
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BENEFITS IN SUSTAINABILITY
As of 31st March 2019 the total tons of CO2 avoided in operational projects have been
286.645tons (188.878 tons coming from projects under ACS portfolio although sold during
the period analyzed, 97.767tons corresponds to projects included in the actual Green
Bond portfolio)
For projects in early stages of development and construction the quantitave impact
indicators have been calculated following GHG protocol guidelines. The total tons of CO2
avoided is estimated in 4.355.369 tons
Third party assurance report of the methology used for the CO2 avoided emissions can be
found in Annex III of this report
In an informative mode, CO2 avoided emissions for the under construction sold proyects
have been estimated in 293.570 tons
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ANNUAL ATRIBUTABLE GHG EMMISSIONS AVOIDED
6 Projects
Installed capacity: 1.380,68 MW
Energy produced: 293.315,72 MWh
Potential Energy generation: 5.987.881,16 MWh
GHG emissions avoided: 5.027,73 tCO2e
Potential GHG emissions avoided: 3.240.694,04 tCO2e
2 Operational projects sold during the period Installed capacity: 129,25MW
Energy Produced: 288.308,97MWh
GHG emissions avoided 121.089,77tCO2e
BENEFITS IN SUSTAINABILITYREPORTING INDICATORS BY CATEGORY
WIND POWER GENERATION
SOLAR POWER GENERATION
8 Projects
Installed capacity 1.395,03 MW
Energy produced 103.401,69MWh
Potential Energy generation: 2.487,24 GW
GHG emissions avoided: 74.826,88 tCO2e
Potential GHG emissions avoided: 1.069.513,41 tCO2e
1 Operational project sold during the period Installed capacity: 150 MW
Energy Produced: 125.767,56 MWh
GHG emissions avoided 67.788,71tCO2e
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9 Projects
4,182 KM of transmission
No renewable units connected yet
3 Projects
Capacity 1.522.710 M3/day
Total potential production: 549.372.333 M3
People impacted: 204.095 hab
24 Projects
Amount of energy saved: 41.656 MWh
GHG emissions reduced or avoided: 17.912 tCO2e
TRANSMISSION LINES
WATER MANAGEMENT
ENERGY EFFICIENCY
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BENEFITS IN SUSTAINABILITYREPORTING INDICATORS BY CATEGORY
HYDROELECTRIC POWER GENERATION
1 Project
Installed capacity 19,78 MW
Potential Energy generation: 107.128 MWh
Potential GHG emissions avoided: 45.162 tCO2e
ANNEX I- LIST OF ELIGIBLE PROJECTS AS OF MARCH 2019
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Total installed capacity CO2 avoiced emissions
CATEGORY Technology Project Location Operational date Stage (MW, ml, '') 2018-1T2019 tons ASC share
i) RENEWABLE ENERGY PRODUCTION
WIND Castilla y León ,
Spain
2018, 2019 Promotion 39 MW 41.092,34 64,28%
i) RENEWABLE ENERGY PRODUCTION WIND Uruguay 24/05/2017 Operation 49,2 MW 1.982,52 100,00%
i) RENEWABLE ENERGY PRODUCTION WIND Uruguay 19/05/2017 Operation 52,8 MW 2.175,47 90,00%
i) RENEWABLE ENERGY PRODUCTION WIND Aberdeen, UK 30/01/2020 Construction 49,63 MW 49.474,03 90,00%
i) RENEWABLE ENERGY PRODUCTION WIND Taiwan 2021, 2024, 2026 Promotion 1100 MW 3.122.931,24 90,00%
i) RENEWABLE ENERGY PRODUCTION CSP Nevada, US 19/11/2016 Operation 110 MW 63.673,97 36,67%
i) RENEWABLE ENERGY PRODUCTION CSP Upington, Sudáfrica 30/11/2018 Construction 100 MW 11.152,91 13,33%
i) RENEWABLE ENERGY PRODUCTION PV Aragón, Spain 2019 Promotion 349,47 MW 307.942,74 100,00%
i) RENEWABLE ENERGY PRODUCTION PV Aragón, Spain 2019 Promotion 199,5 MW 186.686,98 100,00%
i) RENEWABLE ENERGY PRODUCTION PV Aragón, Spain 2019 Promotion 249,64 MW 188.214,23 100,00%
i) RENEWABLE ENERGY PRODUCTION PV Ciudad Real, Spain 2019 Promotion 190 MW 185.755,87 100,00%
i) RENEWABLE ENERGY PRODUCTION PV Albacete, Spain 2019 Promotion 146,42 MW 151.672,09 100,00%
i) RENEWABLE ENERGY PRODUCTION HYDRO Uruguay 15/09/2019 Construction 19,78 MW 45.161,88 100,00%
i) RENEWABLE ENERGY PRODUCTION PV Spain 2019 Promotion 50MW 49.214,50 100,00%
i) RENEWABLE ENERGY PRODUCTION WIND Mexico 2020 Construction 90MW 28.066,13 70,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Brazil 2017 Operation 492,00 n/a 50,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Brazil 2017 Operation 301,00 n/a 50,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Brazil 2018 Construction 767,00 n/a 50,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Brazil 2020/2021 Promotion 435,00 n/a 50,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Brazil 2020 Promotion 451,00 n/a 50,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Brazil 2020 Promotion 485,00 n/a 50,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Brasil 2019 Promotion 932,000 n/a 50,00%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Chile 11/02/2022 Promotion 220,000 n/a 33,10%
ii) ENERGY DISTRIBUTION AND MANAGEMENT T&D Peru 25/11/2017 Operation 368,00 n/a 100,00%
iii) SUSTAINABLE WATER AND WASTE WATER MANAGEMENT WATER Lima, Perú 26/11/2019 Construction 35.000 m3/day n/a 100,00%
iii) SUSTAINABLE WATER AND WASTE WATER MANAGEMENT
WATER Emirate of Ras Al
Khaimah
2020 Construction 22 MIG/d n/a 40,00%
iii) SUSTAINABLE WATER AND WASTE WATER MANAGEMENT WATER Antrofagasta, Perú 2021 Construction 38,500 Ha of irrigation n/a 100,00%
iv) ENERGY EFFICIENCY LIGHTING Valencia (Spain) 2014 Operation n/a 532,58 100,00%
iv) ENERGY EFFICIENCY LIGHTING Valencia (Spain) 2014 Operation n/a 141,98 100,00%
iv) ENERGY EFFICIENCY LIGHTING Madrid (Spain) 2015 Operation n/a 85,09 100,00%
iv) ENERGY EFFICIENCY LIGHTING Tarragona (Spain) 2014 Operation n/a 452,31 100,00%
iv) ENERGY EFFICIENCY LIGHTING Murcia (Spain) 2014 Operation n/a 374,39 100,00%
iv) ENERGY EFFICIENCY LIGHTING Madrid (Spain) 2014 Operation n/a 269,26 100,00%
iv) ENERGY EFFICIENCY LIGHTING Tarragona (Spain) 2017 Operation n/a 119,33 100,00%
iv) ENERGY EFFICIENCY LIGHTING Toledo (Spain) 2014 Operation n/a 154,29 100,00%
iv) ENERGY EFFICIENCY LIGHTING Lanzarote (Spain) 2014 Operation n/a 681,13 100,00%
iv) ENERGY EFFICIENCY LIGHTING Valencia (Spain) 2017 Operation n/a 1.780,59 100,00%
iv) ENERGY EFFICIENCY LIGHTING Lanzarote (Spain) 2014 Operation n/a 285,89 100,00%
iv) ENERGY EFFICIENCY LIGHTING Jaen (Spain) 2014 Operation n/a 223,54 100,00%
iv) ENERGY EFFICIENCY LIGHTING Sevilla (Spain) 2015 Operation n/a 1.058,43 100,00%
iv) ENERGY EFFICIENCY LIGHTING Jaen (Spain) 2016 Operation n/a 1.614,00 100,00%
iv) ENERGY EFFICIENCY LIGHTING Huelva (Spain) 2014 Operation n/a 507,02 100,00%
iv) ENERGY EFFICIENCY LIGHTING Córdoba (Spain) 2014 Operation n/a 241,78 100,00%
iv) ENERGY EFFICIENCY LIGHTING Cáceres (Spain) 2016 Operation n/a 4.542,90 100,00%
iv) ENERGY EFFICIENCY LIGHTING Málaga (Spain) 2015 Operation n/a 940,92 50,00%
iv) ENERGY EFFICIENCY LIGHTING Madrid (Spain) 2014 Operation n/a 1.003,90 40,00%
iv) ENERGY EFFICIENCY LIGHTING Valencia (Spain) 2014 Operation n/a 749,51 50,00%
iv) ENERGY EFFICIENCY LIGHTING Tenerife (Spain) 2015 Operation n/a 305,09 100,00%
iv) ENERGY EFFICIENCY LIGHTING Sevilla (Spain) 2017 Operation n/a 717,56 100,00%
iv) ENERGY EFFICIENCY LIGHTING Huelva (Spain) 2017 Operation n/a 142,11 100,00%
iv) ENERGY EFFICIENCY LIGHTING Sevilla (Spain) 2017 Operation n/a 665,59 100,00%
ANNEX II – ANNUAL ASSURANCE REPORT
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ANNEX III- CO2 AVOIDED EMISSIONS THIRD PARTY ASSURANCE REPORT
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