Cambodia's First Solar Project Bond Wins Dual Regional Awards, Setting Blueprint for Future Green Finance
Cambodia's capital markets have gained international recognition with the country's first project bond, used to finance a utility-scale solar plant, receiving honors at the Environmental Finance Sustainable Debt Awards 2026. The SchneiTec Dynamic Green Project Bond was awarded in two categories: Green Bond Structure Innovation (Asia-Pacific) and Green Project Bond. This transaction is seen as a landmark for Cambodia's debt market and renewable energy financing. The Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank, played a crucial role in structuring and guaranteeing the bond, which raised $49 million for a solar plant in Kampong Chhnang province. The project bond is Cambodia's first and longest-tenor corporate bond, with a 15-year maturity.