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.

 

Kincardine Offshore Wind Farm

 

 

The floating wind farm is located 15km off the coast of Aberdeen and it will become operational in late 2020. It will be the largest floating offshore wind farm in the world so far.

It will be comprised of 6 turbines, with a total installed capacity of 50MW. These will be the largest floating wind turbines in the world yet. The highest part of the turbines will reach 190m in height. The floating turbine foundations will be moored in water depths of up to 80m.

The company that is developing the wind farm is owned by Grupo Cobra, an infrastructure group based in Spain.

This is the first Certification for floating wind turbines, which is an important development in enabling more widespread offshore wind generation across the world.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

COUNTRY OF ISSUER

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
June 2020 Loan GBP 380m (USD 481m) United Kingdom

Marine Renewable Energy

pre issuance verification

 

webpage for windfarm

press release