Southern Power issues $1.24 billion of green bonds to finance renewable projects in USA
Written By: Stratton Report
June 20, 2016
On June 20, Southern Power announced it had issued €1.1 billion ($1.24 billion) of green bonds, which will be allocated to the financing of, or investments in, solar and wind power generation facilities located in the United States.
Southern Power President and CEO Buzz Miller noted:
“Southern Power is an industry leader in growing renewable energy projects across the United States. Our company’s issuance of Green Bonds builds on our commitment to sustainable generation as America’s premier wholesale energy partner.”
In a separate offering last year, Southern Power became the first investment-grade electric utility in the United States to offer this type of security to support investment in sustainable generation. The company completed the issuance of $1 billion aggregate principal amount of green bonds in November 2015.
According to the company, Southern Power’s green energy portfolio includes over 2,000 MW of generating capacity owned, under development or under contract via the development or acquisition of 26 solar, wind and biomass projects across the United States.