Lithuania ’s state - owned power generation and utility company Lietuvos Energija has raised € 300 million ( $ 351 m ) through a four - times oversubscribed green bond issue . The new funds will be used for the group 's wind , co - generation and hydroelectric projects . Lietuvos operates hydropower and pumped storage plants , wind farms , natural gas plants and distribution grids and is currently building a 350 MW solar heat and power plant . A wide range of investors bought the green bonds . Joint lead managers for the project were BNP Paribas , JPMorgan and SEB .
Lithuania’s state-owned power generation and distribution company Lietuvos Energija has raised €300m ($351m) through a four-times oversubscribed green bond issue. The new funds will be used for the group's wind, co-generation and biomass projects. Lietuvos operates hydropower and pumped storage plants, wind farms, natural gas plants and distribution grids and is currently building a 300 MW combined heat and power plant. A wide range of investors bought the 10-year bonds. Joint lead managers for the issue were BNP Paribas, JPMorgan and SEB.