Geysers Power Company

Geysers Power - Financing

Borrower (s)
Geysers Power Company
Industry
Renewables/Geothermal
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
United States

Deal Overview

Calpine Corporation closed on a $1.1 billion Climate Bonds Certified green loan for its Geysers Power Company (GPC) subsidiary on June 9. Proceeds will repay Calpine for equity invested in GPC, and fund ongoing operations, maintenance and capex. Calpine intends to use its equity proceeds to repay...

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Calpine Corporation closed on a $1.1 billion Climate Bonds Certified green loan for its Geysers Power Company (GPC) subsidiary on June 9. Proceeds will repay Calpine for equity invested in GPC, and fund ongoing operations, maintenance and capex. Calpine intends to use its equity proceeds to repay corporate and project-level debt and for working capital and other general corporate purposes. 

This loan is a Climate Bonds Certified Financing. DNV GL, a Climate Bonds Initiative (CBI) Approved Verifier, has performed the pre-issuance verification of the Green Loan.

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Deal Volume
$1.1bn
Financial Close
09 June 2020
Sources
Submitted by participant(s), Proximo article, Press release

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Projects

Geysers Power Fields Calpine

Greenfield
Geothermal
North America
United States
$1.1bn