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.

 

Meridian Energy

Meridian Energy (Meridian) generates 100% renewable electricity through wind, water and sun and is New Zealand’s largest renewable electricity generator.

Meridian has launched a Green Finance Programme (Programme) recognising the company’s commitment, leadership and investment in renewable energy.

The Programme supports Meridian’s sustainability efforts, for which Meridian’s most significant climate action is its commitment to only generate 100% renewable energy. 

Further information on Meridian’s sustainability leadership and strategy can be found here.

Meridian currently has 2,430MW of hydro installed capacity and 617MW of wind installed capacity in New Zealand and Australia. More information on Meridian’s renewable energy assets can be found here.

The underlying assets that have received Climate Bonds Certification are Meridian’s wind energy generation assets. 

The debt program for their wind energy assets received Certification in August 2020, so the three issuances between 2016 - 2018 received Certification retroactively.

 

DATE OF ISSUE  SIZE TYPE OF INSTRUMENT TENOR COUNTRY OF ISSUE  CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT  ANNUAL REPORT  FURTHER INFORMATION 
March 2016 NZD 150 million (USD 100 million) retail bond 7 years New Zealand Wind pre issuance assurance report August 2020  

Green Finance Framework

Climate Bonds Certificate

Meridian Press Release

Westpac Press Release

Meridian Green Finance website

March 2017 NZD 150 million (USD 105 million) retail bond 7 years New Zealand Wind same as above   same as above
June 2018 NZD 200 million (USD 136 million) retail bond 7 years New Zealand Wind same as above  

same as above

N/A NZD 60 million EKF Amortising Facility N/A New Zealand Wind      

 

One of Meridian's wind farms