Allocation of funds (as of the end of March 2020)
Environmental Impacts (As of the end of March 2020)
The annual energy generation from Eligible Green Projects to which proceeds from the MUFG Green Bonds issued in September 2016 is 4,289 million kWh per year with avoided annual CO2 emissions of 2.16 million tons. MUFG Bank's estimated proportion of the CO2 avoidance is 0.53 million tons, which can be obtained as an aggregate amount of multiplying MUFG bank's share of financing for each eligible green project by CO2 emissions avoided of the project. The annual energy production is calculated based on the below formula with the average capacity factor published by the International Renewable Energy Agency.
Annual energy generation (kWh) = capacity of energy generation (kW) × Hours of operation × Average capacity factor (%)
The estimated CO2 avoidance is calculated based on the average emission factor published by the International Finance Corporation as below.
CO2 emission reductions= Annual energy production (kWh) × Average emission factor (gCO2 / kWh)
Category | Sub category | Annual energy generation (kWh) |
Annual CO2 emissions avoided (t-CO2) |
---|---|---|---|
Renewable Energy | Solar photovoltaic power | 1,813,919,184 | 914,215 (MUFG Bank's proportion 241,244) |
Wind (Offshore) | 1,250,577,600 | 630,291 (MUFG Bank's proportion 63,029) |
|
Wind (Onshore) | 1,224,539,376 | 617,168 (MUFG Bank's proportion 221,120) |
|
Total | 4,289,036,160 | 2,161,674 (MUFG Bank's proportion 525,393) |
Disclosure Policy (conducted in June 2017)
Solar Power Generation Project in Miyazaki Prefecture
MUFG Bank arranged ¥35 billion in project financing for a solar power generation project in Hosoe, Miyazaki Prefecture. This project is a joint venture between GE Energy Financial Services and Pacifico Energy.
The power plant commenced commercial operation in February 2018. The power plant has a total generation capacity of 96.2 MW, which is expected to offset approximately 68,200 tons of CO2 emissions per year.
Pacifico Energy Hosoe Mega-Solar Power Project
Offshore Wind Power Generation Project in Germany
MUFG Bank signed a loan agreement totaling up to EUR89.9 million to finance an offshore wind power generation project in Germany. The total financing amount is EUR899 million provided by 10 commercial lenders.
The project is owned by Northland Power (85%) and Innogy (formerly RWE) (15%).
The project commenced commercial operation in December 2017. The power plant has a total generation capacity of 332MW, which is enough to supply the equivalent of approximately 400,000 German households.
Nordsee One Offshore Wind Project