Canada’s Ontario Power Generation (OPG) updated its green bond framework on July 12, 2022, to recognize the critical role nuclear technology plays in achieving net-zero emissions, by enabling nuclear projects to be eligible under the criteria for green energy. Carbon-free nuclear energy has been a key component of Canada’s clean electricity grid for decades, with 18 CANDU reactors operating in Ontario and one in New Brunswick. Under OPG, net proceeds from green bonds can now be used to help finance refurbishments and maintenance of existing nuclear facilities that produce clean, low-cost power. This update to OPG’s green bond framework is an essential step toward securing Canada’s energy future, as nuclear continues to serve a vital role amidst the global energy transition.
Nuclear in New Brunswick is key to supporting the ongoing clean baseload energy supply, this announcement reflects the current realities of the region’s reliable energy infrastructure.