IRVING, Texas – Vistra announced the publication of its Green Finance Framework, supported by a second-party opinion from V.E (formerly Vigeo Eiris), part of Moody’s ESG Solutions. The Framework allows Vistra to issue green financial instruments to fund new or existing projects that support renewable energy and energy efficiency, as defined in the Framework, with alignment to the company’s environmental, social, and governance (ESG) strategy.
Vistra is actively engaged in the global effort to mitigate the impacts of climate change through the reduction of greenhouse gas emissions across business activities and the transformation of the company’s power generation fleet. Through the announced retirement of the majority of its coal plants and investments in carbon-free resources and new technologies, Vistra will continue progressing towards its target of net-zero carbon emissions by 2050.
“Vistra’s Green Finance Framework reflects our commitment to combat climate change and strengthens our investment strategy,” said Curt Morgan, Vistra’s chief executive officer. “Investing in our attractive retail and zero-carbon businesses with cost-efficient capital is a key priority for Vistra. We expect to grow Vistra Zero, our zero-carbon generation portfolio, to more than 5,000 MW of renewables and storage assets by 2026, in addition to our 2,300 MW nuclear facility, supporting the broader energy transition of the nation, maintaining the reliability and affordability of electricity, and enhancing the long-term sustainability of the company.”
Vistra Zero, already has a robust and growing pipeline of carbon-free renewables and battery storage, including:
- Over 2,800 MW1 of zero-carbon generation online
- Nearly 2,000 MW of solar or battery storage under construction or in development
- More than 3,000 MW of zero-carbon assets in the development pipeline
The Framework, which is aligned with the four core components of the ICMA’s Green Bond Principles 2021 and the LMA’s Green Loan Principles 2021, supports further investments in these projects and promotes Vistra’s transition to clean energy. The Framework and corresponding second-party opinion can both be found here.
(1) Includes Comanche Peak Nuclear Power Plant in addition to solar and battery storage facilities
