Green Bond Fact Sheet

This fact sheet details a USD 300 million green bond issued by Tucson Electric Power on August 10, 2020, to finance the construction of the Oso Grande wind farm in New Mexico.

• Tucson Electric Power issued a USD 300 million senior unsecured green bond on August 10, 2020, with a maturity date of August 1, 2030, and a 10-year tenor.
• The net proceeds from the bond are designated to finance the Oso Grande wind farm, a wind-powered electric generation facility with a nominal capacity of 250 MW and an estimated cost of USD 422 million.
• The Oso Grande wind farm is currently under construction in south-eastern New Mexico and is projected to be operational by the end of 2020.
• Tucson Electric Power, a subsidiary of UNS Energy Corporation incorporated in Arizona in 1963, serves approximately 427,000 retail customers across 1,155 square miles, including Pima County and parts of Cochise County.
• The issuer intends to publish a notice on its website within twelve months of issuance detailing project costs, management's assertion that investment exceeded net proceeds, and relevant impact metrics.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Tucson_Electric_Power.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Tucson_Electric_Power.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=10 August 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Tucson_Electric_Power.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = aug, url = {https://www.climatebonds.net/files/drupal-files/files/2020-08_US_Tucson_Electric_Power.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }