Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Geysers Power Company

 

 

Geysers Power Company is a subsidiary of Calpine Corporation. It owns and operates 13 geothermal power plants in “The Geysers”, which is the largest geothermal energy field in the world. In 2020, it currently has an operating generating capacity of 725MW, which is approximately 36% of the total geothermal capacity in the US. It is located 70 miles north of San Francisco.

The generation primarily powers communities in northern California, and it is equivalent to 10% of the renewable electricity generated in California.

The first power plant began operations in 1960. It was the first geothermal power plant in the US.

 

 

DATE OF ISSUE

TENOR TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUER

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
June 2020 7 years Senior Secured Loan USD 900 million United States

Geothermal

pre issuance verification

 

press release