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|