On July 20, CR Power successfully issued the first phase of 2021 green directional asset-backed notes (carbon-neutrality bonds). The registration limit of this product is RMB 6 billion, and the initial scale is RMB 2.005 billion. The term of the priority note is 2 years, and the stated interest rate is only 3.2%, which is the lowest level of products of the same type and the same term in the power industry.

The product is issued by China Resources Power Investment Co., Ltd., and CR Trust serves as the issuing carrier regulatory agency. The product takes accounts receivable of renewable energy electricity price additional subsidy income of 72 wind power projects and 2 photovoltaic power generation projects under CR Power as the underlying assets, and innovatively introduces the carbon neutrality evaluation certification. The annual carbon dioxide emission reduction of the power generation projects to which the underlying assets belong reaches 6,069,400 tons.

This project is the first carbon-neutrality asset securitization product issued by a subsidiary of China Resources Group, and the first carbon-neutrality green ABN product of CR Power, which can improve the operating cash flow and provide support for the company's renewable energy transformation. The successful issuance of the carbon-neutrality bond is an important practice of CR Power to support the work of "peaking carbon dioxide emissions and achieving carbon neutrality" by using the green financial instrument, and it fully demonstrates the company's clean and low-carbon development concept. In the next step, CR Power will actively practice the concept of green development, and continue to promote its transformation to green and low-carbon development by expanding the channels for sustainable realization of new energy subsidy assets, so as to make a positive contribution to the realization of the goals to “peak carbon dioxide emissions and achieve carbon neutrality”.