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Australia's Woolworths issues AUD 400m of green bonds

Solar panels. Author: Peter Leth. License: Creative Commons, Attribution 2.0 Generic.

April 15 (Renewables Now) - Australian retailer Woolworths Group Ltd (ASX:WOW) has raised AUD 400 million (USD 286.9m/EUR 253.8m) in green bonds to finance green projects, RenewEconomy reported this morning.

The retailer announced the issuance last week and said the proceeds could go towards projects such as the installation of rooftop solar on stores and distribution centres or the development of low carbon supermarkets. The bond has been certified by the Climate Bonds Initiative (CBI), an international non-profit.

Woolworths' five-year bonds on Friday attracted orders north of AUD 2 billion, RenewEconomy said.

Green bond issuance in the first quarter of the year has reached at least USD 45.4 billion, according to the CBI.

(AUD 1.0 = USD 0.72/EUR 0.63)

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Sladjana is the newest addition to the Renewables Now team. She has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry.

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