To date, DTE Electric has completed the issuance of approximately $2.6 billion of green bonds.
DTE is committed to moving Michigan to cleaner sources of energy by making transformational changes to how it will generate electricity over the next two decades. DTE is Michigan’s largest producer of clean energy and already generates approximately one-third of its electricity from carbon-free power sources. Additionally, the company’s MIGreenPower voluntary renewable energy program is among the largest in the country. On an annual basis, MIGreenPower customers have enrolled 4 million megawatt hours of clean energy in the program. At the end of 2022, DTE announced that it would end the use of coal in 2035, five years ahead of its original plan. This announcement along with other investments has enabled the company to accelerate its carbon emissions reductions goals by targeting 65% in 2028, 85% in 2035, 90% by 2040 and net zero by 2050.
As Michigan’s leading producer of, and investor in renewable energy, DTE is committed to continued growth of its renewable energy portfolio as part of its plan to achieve net zero carbon emissions. By 2025, DTE plans to add approximately 1,000 megawatts of new solar, representing an additional investment of more than $1.3 billion. Over the next two decades, the company plans to add more than 15,000 megawatts of new wind and solar energy to power Michigan homes and businesses. This renewable energy generation is equivalent to the electricity needed to power approximately 4 million homes.
The links below provide additional detail for each issuance.
May 2018 Issuance
May 2019 Issuance
March 2021 Issuance
February 2022 Issuance
To learn more about our strategic vision to be a force for growth and prosperity, see our sustainability reports.