“It has become more clear that there is no path to Net Zero without large-scale nuclear, here and around the world,” said Mike Rencheck, Bruce Power’s President and Chief Executive Officer. Bruce Power has done all this while progressing one of Canada’s largest infrastructure projects with its decades-long Life-Extension Program, as well as supporting many other environmental and sustainability initiatives across the province. This includes contributing to Ontario’s coal phase-out in 2014, Bruce Power’s commitment to be Net Zero by 2027 in support of a Net Zero Ontario and Canada by 2050, and the launch of Bruce Power Net Zero Inc. “I commend Bruce Power for the delivery of its Major Component Replacement Program, which is increasing the amount of clean power it produces, helping the province power our growing economy.”īruce Power has a track record of delivering emission-reduction projects and is a leader in environmental stewardship. “Clean nuclear energy from the Bruce Power site plays a major role in making Ontario’s electricity system one of the cleanest in the world,” said Hon. Nuclear technology plays a critical role in fighting climate change and enabling a Net Zero future by producing emissions-free power. This was invested in accordance with Bruce Power’s Green Financing Framework to finance or re-finance eligible investments associated with life extension and increasing output of existing units, both of which contribute to Canada’s prosperous, clean energy future, and advance its climate change objectives. This latest issuance comes after Bruce Power became the first nuclear operator in the world to successfully issue Green Bonds in 2021, raising $500 million.
Tiverton, Ontario, Ma(GLOBE NEWSWIRE) - Bruce Power has issued $600 million in Green Bonds as it continues to help the province and country achieve their Net Zero goals through clean-energy projects. Powering Ontario forward as a leader in clean energy production and projects
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