H2O Innovation blue loan of $65m has been approved to fund growth in water technology

By designing its first Blue Loan, H2O Innovation has worked with National Bank of Canada to create a sustainable financing solution to support the Corporation’s continued expansion in the manufacturing and provision of water technologies.

The Corporation also added $10 M to its revolving credit arrangement. The current balance of the credit line is $65 M.

The first Blue Loan from H2O Innovation was based on the International Finance Corporation’s Guidelines for Blue Finance, which were established in January 2022.

The policies were developed to deal with blue finance, a brand-new area of climate financing where funds are set aside for investments in projects that protect clean water resources and the ocean.

By converting wastewater into high-quality water that can be utilised for agriculture, landscape irrigation, industrial, and potable water applications, H2O Innovation is at the forefront of the movement toward more water reuse.

The core of H2O Innovation’s purpose is to become better stewards of the world’s water resources.

Source: H2O Innovation