European Energy issues €300 million corporate green bond through VP Securities
The issuance sets a record and is the largest Euro-denominated green bond from a non-financial issuer to be issued with VP Securities. Proceeds from the new bond will be used in accordance with European Energy's new Green Finance Framework to invest in wind and solar energy production.
Financing the blue and green economyThis latest issuance from European Energy also highlights the role corporates can play in funding the transition to a more sustainable economy. Flemming Jacobsen comments, “As front-runners in combating climate change, we have been scaling up our organisation to be able to grasp the growing opportunities in renewable energy projects. This means that we have quadrupled the construction of green energy capacity to more than 1.1 GW since last year. With our new financing structure, we will be able to further accelerate the growth of the company and keep up with the increasing demand for green projects.”
For Euronext, this issuance is another example of how the capital markets play a key role in delivering on Europe’s climate ambitions. “By supporting cross-border issuance in multiple currencies, we help connect Nordic-based corporates with international investors interested in funding green projects,” comments Bjørn Crepaz, Head of Issuance Products & Data Analytics at VP Securities. “There is a profound shift in the market towards green and sustainable investment opportunities, from both investors and issuers. As the leading stock exchange by both the number of issuers with ESG bonds listed and the outstanding issuance amount of ESG bonds listed, Euronext is proud of its long-standing cooperation with European Energy. We look forward to helping more companies raise the financing they need to transition to a more sustainable economy.”