Ørsted has announced plans to issue green bonds to help finance new wind infrastructure. As part of its target to install 15GW of installed offshore wind capacity by 2025, the Danish renewable energy developer said it will issue a mixture of bonds to raise capital. The firm expects they will take the form of a mixture of eight-year and 14-year fixed-rate offerings, with the added potential for a 15-year index-linked tranche. The prices and overall value of the issuance have yet to be confirmed but Ørsted has said they will help fund the 1.4GW Hornsea Two project in the North Sea, which is set to be the world’s largest offshore wind farm once its 165 turbines are put into place. The energy company has appointed Barclays, Goldman Sachs, Morgan Stanley and NatWest as joint lead managers on the bonds. Ørsted will be at The Energy Solutions Show on the 5th of June – click the link to register.
Orsted has said it will issue green bonds to pay for new wind power projects as part of plans to install 15 GW of offshore capacity by 2025. The company said the bonds would be a mix of eight and 14-year fixed-rate bonds with the potential for a 15-year index-linked offering. Schemes benefiting from the issue will include the 1.4 GW Hornsea Two project, expected to be the largest offshore wind farm in the world. Barclays, Goldman Sachs, Morgan Stanley and NatWest have been appointed lead managers for the issue.