CHNG Successfully Issued the First Batch of Carbon Neutral Green Bonds


China Huaneng Group Co., Ltd (CHNG) has been actively implementing CPC's major decision and deployment of "carbon peak, carbon neutrality", and successfully issued the first batch of 2021 special carbon neutral green corporate bonds on February 25, becoming one of the first carbon neutral green bond issuers in the exchange market. The bonds are issued with a scale of 2 billion yuan, a term of 2 years and a coupon rate of 3.35%. 

In its 14th Five-Year Plan, CHNG clearly proposed the strategic goal of accelerating the construction of a world-class modernized clean energy enterprise. By 2025, the company’s newly-installed renewable capacity shall exceed 80GW, ensuring clean energy installed capacity accounting for more than 50%. Carbon emission intensity shall decrease by 20% as compared with the level of 13th Five-Year Plan Period. Recently, CHNG has become the first centrally-administered SOE in the power industry to establish the Carbon Neutrality Research Institute, and has been in the forefront in the prospective research and strategic layout of “carbon peak and carbon neutrality”. This time, as one of the first-batch issuers of carbon neutral bonds in the exchange market, CHNG demonstrates its active application of financial innovation products and implementation of green financial development requirements, steadfastly promoting clean energy construction as a centrally-administered SOE.

It is reported that carbon neutral green bonds are the sub-variety of green bonds, which are mainly used for the construction, operation, M&A and repayment of carbon neutral project loans of green industry projects with carbon emission reduction benefits, so as to reduce carbon emissions and promote green development through energy conservation and emission reduction and full use of renewable energy.

CHNG Successfully Issued the First Batch of Carbon Neutral Green Bonds


China Huaneng Group Co., Ltd (CHNG) has been actively implementing CPC's major decision and deployment of "carbon peak, carbon neutrality", and successfully issued the first batch of 2021 special carbon neutral green corporate bonds on February 25, becoming one of the first carbon neutral green bond issuers in the exchange market. The bonds are issued with a scale of 2 billion yuan, a term of 2 years and a coupon rate of 3.35%. 

In its 14th Five-Year Plan, CHNG clearly proposed the strategic goal of accelerating the construction of a world-class modernized clean energy enterprise. By 2025, the company’s newly-installed renewable capacity shall exceed 80GW, ensuring clean energy installed capacity accounting for more than 50%. Carbon emission intensity shall decrease by 20% as compared with the level of 13th Five-Year Plan Period. Recently, CHNG has become the first centrally-administered SOE in the power industry to establish the Carbon Neutrality Research Institute, and has been in the forefront in the prospective research and strategic layout of “carbon peak and carbon neutrality”. This time, as one of the first-batch issuers of carbon neutral bonds in the exchange market, CHNG demonstrates its active application of financial innovation products and implementation of green financial development requirements, steadfastly promoting clean energy construction as a centrally-administered SOE.

It is reported that carbon neutral green bonds are the sub-variety of green bonds, which are mainly used for the construction, operation, M&A and repayment of carbon neutral project loans of green industry projects with carbon emission reduction benefits, so as to reduce carbon emissions and promote green development through energy conservation and emission reduction and full use of renewable energy.

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