In the gusty northeast, a power company is looking to fund offshore wind projects with a landmark sale of green bonds that seeks to muscle in on the growing pool of money available for environmentally friendly investments.
Tohoku Electric Power Co. plans to price what would be the debut green note from a utility with its ¥5 billion offering of 10-year securities Thursday.
The utility recently got certification from the Climate Bonds Initiative, an international nonprofit organization that created the first green bond standard in 2010. Tohoku Electric Power officials said in an interview at the company's headquarters in Sendai that it did so to try to attract overseas investors.
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