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.
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