Standard Chartered scales finance for resilient infrastructure as economic cost of extreme weather hits over $2 trillion

Standard Chartered announced the completion of its first adaptation finance deal for JinkoSolar, facilitating the delivery of storm-resistant solar modules to US, UAE, and Saudi Arabian solar photovoltaic farms. The bank provided Bank Guarantees to support the trade of Tiger Neo N-type solar modules which are designed to withstand extreme weather conditions. This deal is part of a broader effort to promote resilience against climate-related economic losses, which amounted to over $2 trillion in the last decade, and highlights the bank’s commitment to sustainable finance and investment in infrastructure adaptation.