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Sweden: MUFG and Societe Generale Support Clean Urban Transport in Gothenburg with EIB Credit Line

Biofuels Engine Design, Business News/Analysis, Deliver Dispense, European Union (EU), Funding/Financing/Investing, Infrastructure, Marketing/Markets and Sales, Opinions, Policy, Sustainability, Sweden
December 29, 2020
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(European Investment Bank) … The SEK 1.2bn financing operation facilitates the acquisition of 297 electric and biofuel buses being leased to Transdev for its use on five concessions in Gothenburg, starting from December 2020.

In March 2019, Transdev won five 10-year contracts to operate bus services as from December 2020 in Gothenburg, Sweden’s second-largest city. The commissioning of the green bus fleet, running exclusively on electricity from renewable energies or on biofuels, supports the city of Gothenburg in reaching its goal of switching all city transport to electric by 2030.

In order to provide Transdev with the best financing conditions, Societe Generale’s participation will be funded by the European Investment Bank (EIB). Through this deal, all three banks – the EIB, Societe Generale and MUFG – renew their cooperation and commitment to advance the sustainable energy transition of our societies.

The EIB, under its recently approved “Climate Bank Roadmap” will dedicate half of all its investments to the fight against climate change by 2025. Societe Generale has reiterated its target to help raise €120bn between 2019 and 2023 through a range of sustainable financing solutions (credit, bonds, advisory). By the end of September 2020, it had already achieved 60% of this target. In May 2019, MUFG announced its aim to provide a cumulative total of JPY 20tn (circa USD 189bn) in sustainable finance between 2019 and 2030 to help build a sustainable society and attain the UN’s Sustainable Development Goals through the provision of financial services to clients.

MUFG and Societe Generale also assisted Transdev in achieving the first green leasing transaction for the wider Transdev Group and set up a green loan framework in line with the Loan Market Association’s Green Loan Principles.  READ MORE

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busesEuropean Union (EU)Financingloansmarkets/salesSustainabilitySwedenTransportation Fuels Policy--Municipal
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solaris solid oxide fuel cell Solutions solvent liquefaction Somalia soot sorghum sorghum oil sorghum stover South Africa South America South Australia South Carolina South Dakota Southeast Asia Southern Africa South Korea South Pacific South Sudan Soviet Union SOx (Sulfur oxides) soybean prices soybeans soy meal Spain spartina specifications sprawl spruce Sri Lanka Stakeholders standards start-up State Department Statistics steam explosion steam reformation steel stevia stillage storage tanks Straight (pure) Vegetable Oil (SVO or PVO) stranded assets Strategic Bioenergy Reserve STrategiv Petroleum Reserve straw students su sub-Saharan Africa sub-sim (substantially similar) succinic acid sucrose Sudan sugar sugar-to-biodiesel sugar-to-farnesane sugar-to-jetfuel Sugar Beets/Energy Beets sugarcane sugarcane prices sugarcane straw Sugar kelp sugar palm sugar platform sugar prices sugars sugars-to-fats sugar standards sulfur Sumatra sunflower supercritical fluid supercritical hydrolysis supply agreements supply chain Supreme Court surahart Suriname Sustainability Swaziland Sweden sweetgum sweet potatoes Sweet sorghum swine waste Switchgrass Switzerland sycamore syngas syngas fermentation synthetic biology synthetic diesel synthetic gasoline synthetic liquified gas (SLG) synthetic methane synthetic natural gas Syria Tailoring Rule Taiwan Tajikistan tall fescue tall oil tallow tallow tree Tamarix tank-to-wheel tank cars tankers tanker trucks Tanzania tariffs taro tar sands Tasmania tax benefit tax credit taxes tax incentives tax parity tax policy tea teach-the-teacher teacher teacher resources teacher training technical course Technical Readiness Levels techno-economic analysis technology transfer tech transfer telephone utility poles Tennessee termites terpenes terrestrial carbon testing Texas textbook Thailand theft therapeutics thermal deoxygenation thermocatalytic conversion thermochemical conversion thermochemical liquefaction Tibet Tier 3 Tier 4 tilapia tillage Timor-Leste tires tobacco tobacco tree Togo Tokyo toluene Tonga tool Toronto torrefaction Toxic Substances Control Act (TSCA) trade trade dispute/discrimination trade group trade organization Trade Policy trade secrets training trains transesterification transgenics transition Transportation Fuels Policy Transportation Fuels Policy--Municipal Transportation Fuels Policy--State Transportation Policy Treasury Department trees Trinidad and Tobago triticale trucks tubers tung tunicate Tunisia Turkey UCOME (Used Cooking Oil Methyl Ester) Uganda UK (United Kingdom) Ukraine UL (Underwriters Laboratory) ULSD (ultra low sulfur diesel) Ultra Low Sulfur Fuel Oil (ULSFO) underground storage tanks (UST) UNESCO United Arab Emirates (UAE) United Nations' International Civil Aviation Organization (ICAO) United Nations' Sustainable Development Goals (SDG) United Nations (UN) United States Auto Club Unleaded 88/E15 uranium urbanization urban sprawl Uruguay USAC US Agency for International Development (USAID) USAID US Army USDA Agricultural Research Service (ARS) used cooking oil (UCO) used railroad ties US ethanol exports US Geological Survey US Product Safety Commission Utah utility model Uzbekistan value chain vanadium Vancouver Vanuatu Vatican VEETC vegetable oils vehicles miles traveled (VMT) Velocys Venezuela Vermont Victoria video Vietnam vinasse vinegar vineyard waste Virginia Virgin Islands. virgin oils viruses VLSFO (very low sulfur fuel oil) volunteers w waiver Wales warranty Washington Washington DC waste waste-to-chemicals Waste-to-Energy waste-to-fuel waste alcohol Waste CO2 waste heat waste management waste oil waste paper waste vegetable oil wastewater water water consumption water footprint water hyacinth watermeal watermelon water pollution water quality water treatment weather well-to-wheel West Africa Western Australia West Java West Virginia wet distillers grain wet extraction What You Can Do wheat wheat bran wheat fiber wheatgrass wheat prices wheat straw whey whisky white grease White House wildlife habitat willow wind energy wine wastage/grape marc winter crops Wisconsi Wisconsin Wood woody biomass World Bank World Trade Organization (WTO) Wyoming XTL xylan xylene xylose yard waste yeast yellow grease yellowhorn tree Yemen yields Yukon Zambia Zanzibar zein zeolites Zimbabwe zinc

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