Korea Hydro Sells Asia’s First Green Bond for Nuclear Energy
- Power source is enjoying renaissance as a low-carbon energy
- Constellation sold a green bond for nuclear energy in 2024
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South Korea’s Korea Hydro & Nuclear Power Co. issued the first green bond in Asia whose proceeds can be used to finance nuclear energy projects, according to the company.
State-run Korea Hydro sold HK$1.2 billion ($154 million) of the notes to global institutional investors in Hong Kong and Singapore, it said in a statement Wednesday. It’s the latest sign of a re-emerging acceptance by investors of the power as an alternative to fossil fuels.