RWE issues €2 billion green bond

4C Offshore | Tom Russell
By: 18/05/2022 RWE

RWE has issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each, with maturities in 2026 and 2030.


For the first tranche, the yield-to-maturity amounts to 2.2%, based on a coupon of 2.125% p.a. and an issuance price of 99.652%. For the second tranche, the yield-to-maturity amounts to 2.9%, based on a coupon of 2.75% p.a. and an issuance price of 99.287%. The issuance met with strong interest from investors.
 

In 2021, RWE had already issued two green bonds with a total volume of €1.85 billion. As stated in the RWE Green Bond Framework, wind and solar projects are eligible for green bond funding.

With its strategy "Growing Green", RWE is massively stepping up the pace and is investing €50 billion gross in its core business by 2030. The company is thus expanding its portfolio to 50 GW in the attractive markets of Europe, North America, and the Asia-Pacific Region.

RWE currently operates 17 offshore wind farms in five countries, and is developing and constructing some of the world’s most advanced offshore wind farms. By 2030, as part of "Growing Green", RWE intends to triple its global offshore wind capacity from the current 2.4 GW to 8 GW.


For more information on offshore wind farms worldwide, click here.