ImpactAlpha, April 24 – CoPower, a Toronto-based company, is launching a new green bond after selling out its last bond of C$10 million (US$7.8 million) in February. That funding was invested in 358 clean energy projects, from building retrofits to community solar installations.
It reports that its first bond issuance is projected to reduce CO2 emissions by 4,480 tons annually.
- Impact tracking… CoPower’s impact tracking and reporting includes kilowatt-hours of clean energy generated, energy saved, and CO2 emissions reduced.
- Longer terms… The four and six-year bonds offer returns of 4% and 5%, respectively.
“The slight increase in the term of the bond will allow us to fill a need in the clean energy development market for longer-term loans,” CoPower said in a statement.