ONTARIO POWER GENERATION OPG incorporates sustainability targets into financing First Canadian energy company to secure sustainability linked loan

  • Feb 16, 2021
  • Electric Energy

"We are proud to support OPG, a leader in environmental sustainability and workplace safety, in this market-leading transaction," said Brad Crilly, Head of Canadian Coverage for Mizuho Americas. "Its sustainability targets in the areas of safety, hydroelectric capacity development, electrification, and biodiversity are key to helping the company achieve its objectives."

"RBC is proud to partner with OPG as Sustainability Structuring Agent on this facility, establishing a pricing structure linked to meaningful and ambitious sustainability performance targets that are aligned with OPG's strategic priorities," said Patti Shugart, Global Head of Corporate Banking at RBC Capital Markets. "RBC's approach to sustainability and our focus on offering clients best-in-class advice tailored to their needs are both central to delivering on our stated purpose to help clients thrive and communities prosper."

OPG is a climate change leader and the largest electricity generator in the province, providing more than half of the power Ontarians rely on every day. It is also one of the most diverse generators in North America, with expertise in nuclear, hydroelectric, biomass, solar and natural gas technologies.

Mizuho Americas is part of a leading global financial institution focused on serving its institutional, corporate, and private equity clients with strategic and financing solutions in the areas of investment and corporate banking, equities, fixed income, and futures.

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper.