Bruce Power announces the first ever Green Bond for nuclear power

Aerial view of Bruce Power
Image: Bruce Power

$500 million in Green Bonds issuance was made possible by Bruce Power’s track record of delivering emission reduction projects and its leadership in environmental stewardship.

NOV. 23, 2021 – UNENE industry member Bruce Power continues its commitment to net-zero through the issuance of $500 million in Green Bonds, which is a global first for nuclear power.

Bruce Power’s other sustainable milestones include its commitment to be net-zero by 2027, its contribution to Ontario’s coal phase out, and the launch of Bruce Power Net Zero Inc.

According to Bruce Power, “The proceeds from this historic Green Bond offering will be used or allocated in accordance with Bruce Power’s Green Financing Network to finance or re-finance eligible investments associated with life extension and increasing output of existing units both of which contribute to Canada’s prosperous, clean energy future, and advance its climate change objectives.”

Bruce Power’s Green Financing Framework received a Second-Party Opinion from CICERO Shades of Green (CICERO Green), an internationally recognized leading provider of independent review and second-party opinions on Green Bonds and Green Financing Frameworks. The Framework has received CICERO Green’s overall ‘Medium Green’ shading on a scale of Light, Medium and Dark. It also received the highest possible governance score of ‘Excellent.’

Click here to read the full press release.