Taipower plans to sell more green bonds

Taipei, State-owned Taiwan Power Co. (Taipower) said Thursday it is planning to issue an additional NT$2.9 billion (US$93.21 million) worth of green bonds on the local over-the-counter market (OTC) next month.

Taipower’s green bonds, which have a maturity of five years, are scheduled to be issued from the middle of next month, and the proceeds will be used to develop renewable energy, including offshore wind power, solar energy and hydroelectric power generation projects, Taipower spokesman Hsu Tsao-hua (???) said.

The proposal for the green bond sale has been submitted for approval by the Taipei Exchange, which operates the local OTC market, according to Hsu.

The power company began selling green bonds last year and has issued NT$10.7 billion worth in three tranches so far, according to Taipei Exchange data.

As of the end of September, 19 tranches of green bonds, worth NT$49.4 billion, had been listed on the OTC market, the data showed.

Source: Focus Taiwan News Channel