Green Bond Fact Sheet

This fact sheet details a CAD 450 million green bond issued by Ontario Power Generation on June 22, 2018, to finance hydroelectric projects and other clean energy initiatives in Canada.

• Ontario Power Generation issued a green bond on June 22, 2018, for an amount of CAD 450 million (USD 339 million) with a 30-year tenor and a maturity date of June 22, 2048.
• The proceeds from the bond are designated for the construction of new run-of-river hydro projects or the maintenance, modernisation, and upgrades of existing hydro facilities. Specific projects include the refinancing of the 28 MW Peter Sutherland Sr. Generating Station on New Post Creek in Ontario and the refurbishment of the Ranney Falls Generating Station to add a 10MW unit, which was expected to be operational by Q4 2019.
• The Green Bond Framework allows for investments in wind, solar, industrial efficiency, eco-efficient products, and transportation electrification, while explicitly prohibiting the use of funds for fossil fuel-based power generation and nuclear technologies.
• The issuer, a government-backed entity and Ontario's largest clean electricity provider, will provide annual reports to investors regarding the allocation of proceeds and environmental performance indicators.
• Climate Bonds Initiative noted that the greenhouse gas (GHG) emissions and power density for the Peter Sutherland Sr. Generating Station were not disclosed at the time of the report.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-06%20CA%20Ontario%20Power%20Generation.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-06%20CA%20Ontario%20Power%20Generation.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=29 June 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-06%20CA%20Ontario%20Power%20Generation.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = jun, url = {https://www.climatebonds.net/files/drupal-files/files/2018-06%20CA%20Ontario%20Power%20Generation.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }