To raise funds for green energy promotion and power development, the Taipower Board of Directors has approved (on Sept. 7) the fifth unsecured corporate bonds of NT$15.3 billion for 2022, which is scheduled to be issued mid-October. Among them, the 7-year corporate bonds of NT$3.2 billion have received green bond qualification from the Taipei Exchange (TPEx), and will be used for the Green Energy Investment Program to carry out “renewable energy and energy technology development.”

Since the promotion of green bonds by the government in 2016, Taipower has participated in the issuance of green bonds every year. Up to now, Taipower has issued total green bonds of NT$47.05 billion (excluding the current one), making it the largest issuer of green bonds in Taiwan. The issuance for the current green bonds is the second issuance of the year (2022). By adding the current issuance, Taipower’s total issuance of green bonds will exceed NT$50 billion. The funds raised from the current green bonds will be invested into eight Green Energy Investment Programs including the “Jiji Weir South Bank Second Small Hydropower Generation,” the “Wanli Hydropower Generation Plant,” the “Taiwan Small-scale Hydropower Generation Phase I,” the” Offshore Wind Power Generation Phase II,” the “Wind Power Generation Phase V,” the “Yilan Renze Geothermal Power Generation,” the “Green Energy Phase I,” and the “Offshore Wind Power Generation Power Grid Enhancement Phase I.”

Taipower pointed out that the conditions for the issuance of corporate bonds are as follows:

1. 5-year unsecured corporate bonds: NT$9.6 billion will be issued at a fixed interest rate of 1.65%. The interest will be paid once a year and one-half of the principal amount will be returned at the end of the fourth and fifth years from the date of issuance.
2. 7-year unsecured corporate bonds (green bonds): NT$3.2 billion will be issued at a fixed interest rate of 1.70%. The interest will be paid once a year and the principal amount will be returned upon maturity.
3. 10-year unsecured corporate bonds: NT$2.5 billion will be issued at a fixed interest rate of 1.90%. The interest will be paid once a year and the principal amount will be returned upon maturity.
4. The issuance of the current corporate bonds will be confirmed after the declaration becomes effective.

• Taipower has issued green bonds since 2017. Including the current issuance, the total green bonds issued will exceed NT$50 billion. The funds raised from the current green bonds will be invested in eight Green Energy Investment Programs, such as the “Offshore Wind Power Generation Program.”

Spokesperson: Chief Engineer, Chin-Chung Wu

Tel: (02) 2366-6271 / 0910-192-766

Email: u850899@taipower.com.tw

Contact Person: Director of Financial Department, Li-Zhen Chen

Tel: (02) 2366-6810 / 0932-338-770

Email: u048292@taipower.com.tw