Electric Power Development Company, also known as J-POWER, is an electric utility in Japan. Currently, 40% of its generation capacity in Japan comes from renewable sources, including hydropower, geothermal and wind. It has a target to develop an additional 1GW of renewable generation by 2025.
The proceeds from the bond will be used to expand upon the current 24 wind generation facilities in Japan, which have a combined installed capacity of 530MW, in 2020.
DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
MATURITY |
JURISDICTION OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION |
January 2021 | Use of Proceeds Bond | JPY 20 billion (USD 193 million) | 10 years | Japan | Wind | pre issuance verification | Press Release |