PROJECT | Staff Reporter, Japan

Goldman still on track to hit $1b green bond target in Japan

Thanks to an attractive market.

Bloomberg reported that Goldman Sachs Group Inc. is on track to reach its target of arranging $1 billion of renewable energy bonds in Japan, buoyed by a market attracting more developers with overseas experience.

The investment bank, seeking to offer an alternative to traditional bank loans for project developers, announced in 2015 that it aimed to achieve the $1 billion in the next few years. That goal is likely to be met this year, Toru Inoue, vice president at the company’s Infrastructure & Structured Finance Financing Group, said in an interview.

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