TenneT issues €1bn green bond

Dutch grid operator TenneT has issued a green bond worth €1 billion (£0.71bn) for three wind projects in Germany. The company is financing the electricity transmission cables for the wind […]

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By Jacqueline Echevarria

Dutch grid operator TenneT has issued a green bond worth €1 billion (£0.71bn) for three wind projects in Germany.

The company is financing the electricity transmission cables for the wind farms.

It comes after TenneT launched a Green Bond Framework last month.

It plans to invest in wind energy projects across the Netherlands and Germany totaling €9 billion (6.30bn), in the next 10 years.

Otto Jager, TenneT’s Chief Financial Officer said: “Today’s inaugural Green Bond issue demonstrates our commitment to working with our stakeholders to continually improve and innovate in our approach to Corporate Social Responsibility while at the same time achieving attractive long-term financing to support investment in three offshore wind transmission projects in Germany.”

A record $36.6 billion (£24.3bn) worth of green bonds were issued last year, according to a new report launched earlier this year.