January 17, 2022

The Bond Buyer: New Jersey takes green turn with wind bond deal

Kestrel provided a Verifier’s Report for bonds financing the State of New Jersey Wind Port Project to receive certification as Climate Bonds. The financed project involves construction of a dedicated port facility to support deployment of 11 GW of offshore wind power across the United States Eastern Seaboard. In addition to advancing clean energy goals in New Jersey, the bonds are the first-ever bonds in the US to meet the Marine Renewable Energy Sector Criteria of the Climate Bonds Standard.