INVESTOR BRIEF
The ANEW MTN strategy.
A technical deep-dive for investors: how device-verified clean-energy projects become listed, qualified, tradeable Medium Term Notes — and how their offsets service every note, regardless of the customer's income status.
The Market
Climate capital is compounding at trillion-dollar scale.
Aligned green, social, sustainability and sustainability-linked (GSS+) debt reached US$6.8 trillion cumulative by the end of 2025 — with annual issuance topping US$1 trillion for the third consecutive year. The capital exists. What the market lacks is qualified paper that reaches small projects.
US$1T+ / year
Aligned GSS+ issuance has cleared a trillion dollars annually since 2023 — demand is structural, not cyclical.
45% Europe
Europe leads global sustainable-debt issuance — and European listing venues anchor the market's liquidity.
~2,000 bonds · €1T
The Luxembourg Green Exchange alone displays roughly half the world's listed green bonds.
Listing & Trading Venues
Where the notes live and trade.
The $500M programme is built for the venues where climate capital already concentrates — pairing a recognized listing home with the exchanges that price and hedge each underlying revenue stream.
· Luxembourg Green Exchange Primary listing and display platform for the MTN programme and its green-bond framework documents. The world's leading green-bond venue — ~2,000 GSSS bonds worth ~€1 trillion, roughly half of all listed green bonds, before 310+ issuers' investor base.
(ICE and regional exchanges) Venue set for carbon allowances, renewable certificates and power products tied to the PPA stream. Multiple qualified venues per revenue stream mean no single point of market failure.
Venue references describe the programme's target market infrastructure and do not imply endorsement by, or a current listing agreement with, any exchange.
Packaging & Qualification
From device data to qualified paper.
Originate
Every project is engineered on anewenergy.earth with NREL climate data. Each installed device is a uniquely-identified, internet-connected node with proof-of-generation — the collateral reports its own performance.
Stack revenues
Three contracted streams attach to every node: verified carbon credits, a long-term power purchase agreement, and renewable-energy tax credits. Combined, they are sized to offset the capital equipment plus installation.
Assemble baskets
Projects pool into country baskets — Costa Rica first — drawn down twice monthly. Diversification across thousands of nodes converts idiosyncratic rooftop risk into portfolio statistics.
Qualify
ANEW Energy is registered with the Climate Bonds Initiative. Baskets are structured to the Climate Bonds Standard: sector criteria screening, pre-issuance verification by an approved verifier, certification, and mandatory post-issuance reporting.
Issue & tap
Notes issue under the US$500M Medium Term Note programme — shelf documentation with tranche "taps" matched to the twice-monthly basket cadence, laddering tenors to the underlying PPA terms.
Service & report
An independent actuary manages the bond: monitoring node-level generation against model, administering the coupon waterfall, and verifying every coupon is repaid. Device telemetry makes the reporting continuous, not annual.
The Offset Waterfall
Income-blind by design: the offsets service the notes.
Traditional lending underwrites the borrower. The ANEW structure underwrites the device. Carbon, PPA and tax-credit cash flows are contracted at origination and assigned to the note's coupon waterfall first — so the paper is serviced by what the system provably generates, not by the customer's credit file.
- Offset value is sized to cover equipment + installation at origination
- Coupons are paid from contracted, device-verified revenue streams
- The customer participates through savings — regardless of income status
- Actuarial oversight reconciles every node's output to every coupon
That is the unlock for the other 99%: a farm in Costa Rica and a rooftop in Colorado produce the same auditable kilowatt-hour — so both can carry institutional-grade paper.
Coupon Waterfall (per basket)
- 1stCarbon-credit proceeds (exchange-settled)
- 2ndPPA receipts (contracted energy off-take)
- 3rdTax-credit monetization
- ReserveBasket over-collateralization buffer
- OversightIndependent actuary · continuous telemetry
- ReportingClimate Bonds Standard post-issuance
The Thesis
A growing market, a verified asset, an unserved borrower.
Durable demand
The climate challenge is persistent — so the capital deployed against it has cleared US$1T/year for three straight years, through rate cycles.
Verified collateral
Proof-of-generation nodes replace estimates with telemetry, collapsing the verification cost that keeps small projects out of the market.
Uncontested niche
Institutional issuers crowd sovereign and utility-scale deals. Aggregated micro-projects are the largest unbanked segment of the transition.
ANEW Energy is not a lender, broker-dealer or investment adviser. This page is for information only and is not an offer to sell, or a solicitation to buy, any security. Program terms are subject to applicable regulatory requirements.
Market figures cited from Climate Bonds Initiative and Luxembourg Stock Exchange public reporting; figures are approximate and subject to revision.