IBK Investment & Securities Expands ESG Management with Rooftop Solar Fund

[Asia Economy Reporter Minji Lee] IBK Investment & Securities announced on the 27th that it has signed a Memorandum of Understanding (MOU) regarding a rooftop solar blind fund together with Korea Social Value Solidarity Fund, SolarConnect, DB Insurance, and Kiwoom Asset Management.

This blind fund is a senior loan investment method for a special purpose company (SPC) dedicated to rooftop solar power generation projects at factories, and plans to supply approximately 42MW of electricity nationwide through rooftop solar power generation at factories. Leading domestic financial institutions in ESG (Environmental, Social, and Governance) investment and SolarConnect, the No.1 solar energy IT platform company in Korea, are participating.

Rooftop solar power plants utilize the idle roofs of existing buildings, making it easy to secure project sites and causing no environmental damage. Additionally, this fund has innovatively structured previously stringent financial conditions to facilitate participation by small and medium-sized enterprise factory owners and construction companies.

An IBK Investment & Securities official stated, “Through the rooftop solar blind fund encompassing environment, energy transition, and SME coexistence, we plan to actively contribute to the expansion of ESG investment and the government’s Green New Deal policy in the future.”

This content was produced with the assistance of AI translation services.