Annual green bond issuance will hit triple digits for the first time this year.
Bloomberg New Energy Finance’s most recent Green Bond analysis finds $96 billion in issuance so far this year, and expects another $39 billion in new green bonds before the end of the year.
That $135 billion annual total would be a 36% increase in issuance from 2016. Bonds are tagged on the Terminal according to Bloomberg’s green bond criteria, which assesses the use of bond proceeds against international green principles.
Southern Company subsidiary Southern Power Co is the largest U.S. issuer to date, having sold over $3 billion worth of green notes to fund investments in power generation since 2015.
Source: Bloomberg New Energy Finance. Reproduced with permission.