Finance | 20 November, 2024 at 8:16 PM
EU leads the way in green finance
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
Electrica's shareholders have approved the issuance of green bonds, supporting the company's strategy for energy transition and sustainable development, with a cap of up to €500 million.
The European Bank for Reconstruction and Development has priced its largest ever green bond transaction, issuing a €1 billion 7-year benchmark.
Regarding environmental impact, the funded projects have resulted in annual savings of over 42,000 tons of CO2.
The company disclosed its proposal to shareholders to endorse a cap of €300 million for the issuance of green bonds.
The total value of the €4 billion bond issuance had a final subscription of over €14.8 billion.
The E.ON Group has announced that it is issuing green bonds of €1.5 billion, in the first days of 2024.
E.ON Group has issued green bonds of €1.5 billion, as pre-financing for 2024.
Restart Energy announced the completion of the implementation of a photovoltaic panel system worth €160,000 for the Geneza Comimpex company. The project consisted of the installation of 428 panels at the Geneza Supermarket in Târgu-Neamț, Neamț county, on an area of 1,200 sqm, with a power of 194.4 kWp.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
