EnBW launches first green bond
Utility EnBW has launched its first 500-million-euro green bond with a 15-year term to maturity. The bond was oversubscribed after a few hours, the energy company said in a press release, adding that EnBW was one of the first German businesses to launch a green bond of this size. The proceeds from the bond will flow into projects in the fields of wind power, photovoltaics, and electromobility. "The transformation of our company towards renewable energies and smart infrastructure solutions is a core component of our strategy," EnBW CFO Thomas Kusterer commented.
Read the press release in English here.
For background, read the CLEW article German financial sector expects EU standards to boost green finance.