Utility issues landmark green bond offering
Duke Energy Carolinas recently completed its inaugural issuance of $1 billion in green bonds, which represents the largest green bond transaction issued by a utility.
Officials said the effort would finance eligible green energy projects, including zero-carbon solar and energy storage.
“Today marks a milestone for our company and demonstrates our continued commitment to generating cleaner energy for our customers and communities,” Steve Young, Duke Energy executive vice president and chief financial officer, said. “We are proud to provide this option for investors to advance our goal of reducing carbon emissions by 40 percent by 2030.”
Duke Energy officials said the green bonds, with a weighted average coupon of 3.74 percent between the three-year and 10-year maturities, ensures the company’s renewable energy projects continue to be financed on attractive terms to serve Carolinas customers.
“Similar to Duke Energy, investors are increasingly interested in clean and renewable energy, and now we can partner together to transform our energy future in the Carolinas,” Young said.
Duke Energy is transforming its customers’ experience, modernizing its energy grid, generating cleaner energy, and expanding its natural gas infrastructure to create a smarter energy future for the people and communities it serves.
