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. It is not clear how much money investors could expect from the bonds, but they are expected to generate about $45 billion in revenue over 20 years, according to Bloomberg New Energy Finance. The prices and overall value of the issuance have yet to be confirmed but Barclays, Goldman Sachs, Morgan Stanley and NatWest have been appointed lead managers for the issue.
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. It is not clear how much money investors could expect from the bonds, but they are expected to generate about $45 billion in revenue over 20 years, according to Bloomberg New Energy Finance. Barclays, Goldman Sachs, Morgan Stanley and NatWest have been appointed lead managers for the issue.