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.

 

China Three Gorges Corporation

The China Three Gorges Corporation is a Chinese state-owned power company, which operates the China Yangtze Three Gorges Project, one of the biggest hydropower-complex projects in the world. The proceeds of the Company’s first offshore Green Bond will be used to fund eligible green projects in the renewable energy category, including the production and transmission of renewable energy, and the manufacturing of renewable energy appliances and products; renewable energy include solar energy, wind energy and biomass energy.  In particular:

• Project Meerwind, consisting of two wind farms Meerwind Süd and Meerwind Ost, is located in the German Bight in the North Sea 23 km north of the island of Helgoland with an installed capacity of 288 MW. The wind farms consist of 80 wind turbines with a power output of 3.6 MW each. The on-grid electricity in 2017 is estimated as of 1,350,900 MWh, which will reduce approximately 1.25 million tCO2 compared to coal.

• Project ENEOP, consisting of 12 wind farms, is situated off Portugal with an installed capacity of 422.3 MW. The on-grid electricity in 2017 is estimated as of 983,106 MWh, which will reduce approximately 0.96 million tCO2 compared to coal.

 

 DATE OF ISSUE TYPE OF INSTRUMENT SIZE COUNTRY OF ISSUE  CLIMATE BONDS SECTOR CRITERIA  VERIFIER'S REPORT  ANNUAL REPORT  WEBSITE  FURTHER INFORMATION
 June 2017 Use of Proceeds Bond  EUR 650m (US$726m) China   Wind  post issue report by EY Asia Pacific Annual Report 2018 Three Gorges Corporation

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