Investors flock to Vattenfall’s second €500 million green bond

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
For Vattenfall, the issuance of its second ever green bond follows a move to deploy its first ever floating PV plant in the Netherlands. Image credit: Vattenfall

Swedish energy giant Vattenfall has issued its second €500 million (US$571 million) green senior bond.

The issue was oversubscribed by over six times, the company said, with the proceeds to be used to finance investments in the four eligible categories specified in the Vattenfall’s Green Bond Framework.

The categories – renewable energy and related infrastructure, energy efficiency, electrification of transport and heat, and industrial projects – were also the target of its first green bond, issued last June.

For Vattenfall, the issuance of its second ever green bond follows its enlisting this year of Deutsche Telekom as the 10-year PPA offtaker of a 60MW PV plant in Germany, due to complete in mid-2021.

Across the border in the Netherlands, the Swedish firm is working on a solar-plus-wind-plus-storage hybrid as well as a 1.2MW floating PV plant, its first such development anywhere.

See here to read the story in full, as originally published by PV Tech's sister title Current± 

The prospects and challenges of European solar will take centre stage at Large Scale Solar Europe 2020 (Lisbon, on 31 March-1 April 2020).

Read Next

March 4, 2021
The US’ largest floating solar farm has been completed in the city of Healdsburg, California.
March 2, 2021
Abu Dhabi-based renewables company Masdar has a “significant ambition” to expand its clean energy portfolio in Southeast Asia, a company executive has told PV Tech.
February 22, 2021
Pathfinder Clean Energy (PACE) has created a new solar development and project acquisition business, PACE Poland, targeting an initial 100MWp in the country.
February 22, 2021
BayWa r.e. has bolstered its digital services offer through the acquisition of software platforms and data science teams of German firm Kaiserwetter.
February 16, 2021
India’s renewables sector will need to garner investments of around US$500 billion in order to meet its target of 450GW of clean energy capacity by the end of the decade.
February 9, 2021
There exists a significant opportunity for developers to capitalise on Portugal’s upcoming solar auction to deploy floating PV on the country’s reservoirs, according to panellists speaking at the Solar Finance and Investment Europe online event.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021