Bruce Power to issue Green Bonds to finance their projects

 

Bruce Power is getting into the financial investment business.

They announced on Monday that they are issuing $500 Million in something called green bonds.

In a news release, Bruce Power says this is an historic initiative that will further their goal of being carbon neutral by 2027.

Proceeds from the issuance of green bonds will be used to finance or re-finance eligible investments associated with their life extension projects and increasing output of existing units.

The company says these projects will contribute to Canada’s prosperous, clean energy future, and advance its climate change objectives.

Bruce Power says this is the first time green bonds are being issued globally for nuclear power.