The development of Transpower’s Green Financing Framework (“Framework”) is a key step to support Transpower’s commitment to achieve a net-zero carbon transmission grid and support New Zealand’s commitment to net zero carbon targets. By issuing “Green Financing Instruments” Transpower intends to align its funding strategy with its sustainability objectives.
Transpower has achieved a Programmatic Certification with the Climate Bonds Standard Version 3.0 published by Climate Bonds Initiative (December 2019).
As the green financing market evolves, Transpower’s Framework may be revised to reflect best market expectations and regulatory change.
Transpower may issue instruments under the Framework including:
- Commercial paper
- Bank facilities
- Retailable bonds
- Wholesale bonds
- Floating Rate Notes
- Bonds or notes issued in other offshore jurisdictions collectively the Green Financing Instruments, or Green Bonds.
Transpower New Zealand Limited – Eligible Assets
Eligible assets, class and location of Transpower’s Green Financing Programme are listed below.
|HVAC transmission lines||Electrical Grids and Storage||New Zealand|
|HVDC transmission lines|
|HVAC substations and submarine cables|