October 31

BURN Manufacturing Issues US$10 Million Green Bond To Support Clean Cooking

BURN Manufacturing (BURN), the world’s leading clean cookstove manufacturer, distributor, and carbon-offset project developer, announces the issuance of Sub- Saharan Africa’s first-ever green bond designated for clean cooking financing of USD $10 Million.

The proceeds from the bond will allow BURN to increase existing manufacturing capacity in Kenya as well as launching a new manufacturing facility in Lagos, Nigeria. Production will increase from the current 400,000 units per month to 600,000 units and will produce a range of life-saving biomass, electric and LPG stoves.

Photo courtesy of Pruthvi Sagar A R.

Source: News Ghana (link opens in a new window)

Energy, Environment, Investing
clean cooking, decarbonization, impact bonds