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.

 

Goldman Sachs Renewable Power

 

Goldman Sachs Renewable Power "GSRP" is owned by Goldman Sachs Asset Management. It was recently set up to acquire and operate renewable energy projects across the US. As of September 2019, it has a total available capital of USD 4 billion and has deployed USD 1.4 billion, all on solar assets. It is one of the largest owners of distributed solar generation assets in the US.

This is the first Certification linked to the financial industry in the US, and also the second private sector Certification, after Kilroy Realty Corporation.

This is an exciting issuance for the Climate Bonds Standard and Certification Scheme. The recognition of the Certification in the US market is important for the growth of the green bond market in the US.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

TENOR

COUNTRY OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
February 2020 Use of Proceeds Bond USD 500 million 24 years United States

Solar

pre issuance verification

 

press release

general info about GSRP