- Press Releases
July 12 (Renewables Now) - Energy company and wind turbine manufacturer Eleon AS announced today that the entity behind the 100-MW Aidu wind project in North-East Estonia has issued a EUR-150-million (USD 150.6m) green bond through the Sustainable Capital Plc platform.
The 12-year senior secured bond has received a “dark green” label from CICERO and an investment grade rating of BBB+ from credit rating agency EuroRating. It is being listed on the Frankfurt Stock Exchange. UK-based Bedford Row Capital Plc structured the transaction.
The proceeds from the bond issuance will be used to finance the final phase of development of the 28-turbine Aidu wind farm, which is being built on land previously degraded by shale oil mining activities. According to the announcement, work on the infrastructure has already been completed.
Eleon currently operates a total of three wind farms totalling 14 MW and has four projects under development, including one offshore, with a combined capacity of 1,500 MW.
(EUR 1 = USD 1.004)