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Portland General Electric links borrowing to green project, other ESG factors

·2 min read
Portland General Electric links borrowing to green project, other ESG factors
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Portland General Electric is joining the move into sustainability-linked finance, expecting to realize direct and indirect benefits. The investor-owned utility is capitalizing its stake in the Wheatridge Renewable Energy Project with a $150 million tranche of green bonds as part of a $400 million debt issuance. “It has certain provisions we have to meet to ensure we can get our green certification on those dollars,” said Jardon Jaramillo, PGE’s senior director of investor relations, treasury and risk management.