Deal Description
Funds will be used to deliver the final phase of 100MW of development and will be providing renewable energy to Europes’ leading energy market, Nordpool.
Key facts
- Investment Grade BBB+ Green Bond
- Euro 150 m European Wind Farm Bond
- 12 year bond
- 6.935% effective yield paid semi annually
- Third party opinion offered by CICERO
SFDR Article 9
Government support
State subsidy at 53.7 Euros / Mwh for 12 years
PPA in place with state-owned energy company
Financials
Cash flow from operations is 2.42X
LTV 33.5%
The International Energy Agency has set a net zero aim by 2050 which aims for 90% of electricity generation to come from renewable sources. Therefore projects like this will make an impact.