- European Energy offers USD 74.9m of green bonds to raise funds for its renewable energy projects.
Danish renewables developer European Energy A/S has kicked off an offering of EUR 75 million worth of senior green bonds, seeking to raise fresh funds for its renewable energy projects.
The bonds will mature in 2026 and bear an interest of three-month Eurobor in addition to a margin of 5.75% per year. According to the firm, they will be listed on Nasdaq’s Sustainable Debt platform.
“The construction of new renewable capacity relies on efficient and scalable funding, and with this bond, we can increase our construction activity,” commented Knud Erik Andersen, CEO of European Energy. He pointed out that the market environment is “subject to a significant shift” due to the high power prices and increased construction costs.