Photo from Borkum Riffgrund 2 which came into operation in 2018.

Ørsted Issues Green Bonds, Secures Nearly EUR 2 Billion

Ørsted has issued green bonds of nearly EUR 2 billion after securing investor commitment for nominal EUR 900 million and GBP 950 million (about EUR 1.1 billion) to finance its global build-out of renewable energy and its green growth ambition of reaching approximately 50 GW of installed capacity by 2030.

Illustration; Borkum Riffgrund 2 offshore wind farm in Germany; Photo source: Ørsted

Ørsted has issued three tranches of unsecured bonds with the biggest tranche running to EUR 900 million with a fixed coupon rate of 3.25 per cent until maturity in 2031.

The second tranche comprises up to GBP 375 million (approximately EUR 435 million) with a fixed coupon rate of 5.125 per cent until maturity in 2034.

The last tranche comes to GBP 575 million (almost EUR 668 million) with a fixed coupon rate of 5.375 per cent until maturity in 2042.

As the global leader in offshore wind, Ørsted operates several offshore wind farms in Denmark, the UK, Germany, the Netherlands, Taiwan, and the US.

The company recently commissioned its 1.3 GW Hornsea Two project in the UK, which became the world’s largest wind farm in operation, taking over that title from its sibling project, the 1.2 GW Hornsea One.

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