Using $10 million in investment from the German-based Aareal Bank, the innovative hospitality company Soneva is expanding its solar power developments at Soneva Fushi and Soneva Jani in the Maldives, increasing the amount of electricity produced from renewable sources to over 50% at both resorts.
According to Bruce Bromley, chief financial officer and deputy CEO of Soneva, "While Soneva has been a carbon neutral firm since 2012, the elimination of emissions from the operation of our resorts in remote places has provided the largest obstacle to realising our zero-carbon target." This facility, which will now enable us to take a significant step towards achieving carbon-free operations at our Maldives resorts, demonstrates Aareal Bank's commitment to supporting companies like Soneva on our transition to a zero-carbon future, according to Soneva. "Our partnership with Aareal Bank is a cornerstone of our capital structure."
