Ontario Power Generation (OPG), an electricity generation company, has completed a second $500 million green financing.

Ontario Power used the net proceeds to fund the purchase of U.S. hydroelectric power projects operator Eagle Creek Renewable Energy LLC.

OPG noted that Eagle Creek will operate independently as its wholly-owned subsidiary, with its own board of directors and management team.

In June 2018, Ontario Power Generation issued its first green bond with proceeds used to finance several green energy projects, like the Ranney Falls Generating Station renovation.