Subscribe today and receive an extra account for free.
Subscribe
Photo: EBRD
October 22 (Renewables Now) - The European Bank for Reconstruction and Development (EBRD) has invested EUR 18 million (USD 20m) in a recent green bond issuance by Greek renewable power producer Terna Energy SA (ATH:TENERGY).
The bank said in a statement today that its participation in Terna Energy’s successful issuance of a seven-year, EUR-150-million green bond should boost market confidence and help build scale and critical mass for listed bond issuances. The proceeds from the transaction will be used to finance additional investments in Greek renewables.
Ernst & Young has verified that the issued financial instrument meets the Climate Bonds Initiative’s classification as a certified climate bond.
Terna Energy closed the public offer on October 18, allocating 65% of the bonds to private investors and the rest to institutional investors. The total valid demand amounted to EUR 684 million.
Eurobank Ergasias SA and National Bank of Greece SA served as lead underwriters.
(EUR 1.0 = USD 1.114)
Guatemala ups renewables share to 71.5% in March
Apr 06, 2020 17:49 CEST
Iberdrola's 500-MW solar complex feeds 1st MWh to Spanish grid
Apr 06, 2020 17:47 CEST
Engie to receive BNDES loan for 361-MW wind complex in Brazil
Apr 06, 2020 17:42 CEST
GameChange Solar gets 50-MW tracker order in West Africa
Apr 06, 2020 16:00 CEST
Lightsource BP secures PPA for 132-MW DC solar project in Arkansas
Apr 06, 2020 15:36 CEST
Prices fall in Greece's renewables tender with 503 MW awarded
Apr 06, 2020 8:59 CEST