Related Articles
Orsted has committed to carbon neutrality by 2025
Forward article link
Share PDF with colleagues

Orsted signs €2bn climate-linked revolving credit facility

Interest margin to depend on performance against predefined sustainability targets, Danish energy company says

Danish energy company Orsted has signed a €2bn ($2.3bn) revolving five-year credit facility as it seeks to push on with its transition plans. The facility’s interest margin will be adjusted annually by an undisclosed amount depending on third-party verification of two sustainability targets: reducing scope one and two carbon emissions from energy generation and operations to 10g CO₂e/kWh by 2025; and investment of DKK350bn ($54.4bn) in EU taxonomy-aligned green projects between 2020-2027. “At Orsted, we are very committed to contributing to driving the green transition,” says Orsted CFO Marianne Wiinholt. “We have been issuing senior bonds and hybrid capital in green format since 2017, and

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Turbine manufacturers post major losses
26 January 2022
GE and Siemens Gamesa Renewable Energy have announced multimillion-dollar losses over 2021 and the past quarter, while Vestas posts cautious 2022 guidance
New EIB-backed energy efficiency fund to tackle ‘huge underinvestment’
26 January 2022
Solas Sustainable Energy Fund to support energy efficiency projects mainly in Germany, Spain and Ireland and is aimed at small-to-mid-size insurers and pension funds
Crediting emissions saved in plugging oil and gas wells
26 January 2022
Avoided emissions could be credited as carbon offsets and sold on exchanges
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video