ORIX Corporation has decided to issue its first Green Bond (unsecured straight bonds) in the domestic market.Green bonds are bonds issued by companies to finance green projects (such as renewable energy, construction and renovation of energy‐saving structures, and projects with environmental improvement effects such as the prevention and management of environmental pollution).
In the Environment and Energy Business, which is subject to this Green Bond, ORIX is actively promoting renewable energy businesses such as wind power, geothermal power and biomass power generation, including the development and operation of solar power generation business with a total capacity of approximately 1,000MW in Japan. By promoting the Renewable Energy Business, ORIX will address the global challenge of climate change and achieve long‐term business growth.
From the Global Geothermal News archives:
- Thursday, August 8, 2019 - Japan: Construction of 6.5 MW Hokkaido Geothermal Power Plant to Begin
- Monday, June 24, 2019 - Japan: Orix Corp to Conduct Excavation Survey for Geothermal Energy Resources in Aomori Prefecture
- Thursday, May 4, 2017 - USA, Nevada: Japanese Company Acquires 22% Stake in Ormat
- Wednesday, July 23, 2014 - Japan: Orix Plans to Build as Many as 15 Geothermal Plants in Japan
