Green Bond Information

Green bonds are fixed income instruments designed to fund projects that have positive environmental or climate benefits such as renewable energy production, energy efficiency or the cultivation of environmentally friendly technologies.

NJR has issued a total of $270 million of green bonds through two issuances, $150 million is August 2019 and $120 million is September 2020, enhancing its commitment to sustainable business practices. The net proceeds of these offerings were used to finance 17 commercial solar projects that were acquired or placed into service in fiscal years 2018, 2019, and 2020. The projects have a combined capacity of 123 megawatts and a total carbon reduction of 119,613 tons of carbon dioxide annually, the equivalent of removing 24,333 cars from the road each year.

For each bond issue, NJR committed to report the key environmental features of the green projects funded and to publish an independent accountant’s report on the allocation of those funds. The specific solar projects NJR allocated the green bond proceeds to are highlighted by issue year in the links below. There are also links to NJR’s management assertion letter regarding the green bond allocation together with the independent accountant’s attestation report.

For more information about NJR’s commitment to a sustainable future, use this link: https://njrsustainability.com/

2020 Green Bonds

List of Projects funded by the Green Bonds

Management Assertion and Independent Accountants' Attestation Report

2019 Green Bonds

List of Projects funded by the Green Bonds

Management Assertion and Independent Accountants' Attestation Report