Georgia Power becomes first US retail electric utility to offer Green Bonds

• 8 years ago (2016-03-10)
• David Flin

North America 1021 Renewables 776

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Georgia Power has announced that it has completed the issuance of $325 million of Green Bonds, becoming the first retail electric utility in the USA to offer this type of security to support investment into renewable generation. This will assist the company in supporting the development of solar, wind and biomass generation.

Offering Green Bonds allows Georgia Power to access a broader investment base for renewable projects, and is expected to help keep financing costs lower for customers. Georgia Power intends to allocate the net proceeds of the offering primarily to renewable energy generation projects with any net proceeds allocated to electric vehicle charging infrastructure or payments under power purchase agreements served by solar power or wind power generation facilities.