EDF launches first green bond; €350 million slated for solar


Paris-based EDF has successfully launched the first green bond in euros by a major corporation.

EDF said the bond issue, with a total amount of €1.4 billion, an annual coupon of 2.25% and a maturity of 7.5 years, was twice oversubscribed.

Institutional investors were particularly attracted to the bond, while investors considering environmental, social and corporate governance (ESG) criteria in their investment decisions specifically accounted for 60% of the issuance allocation.

EDF spokesperson Alison Marquilly told pv magazine that "the green bond launched by EDF should be dedicated for approximately 25% to solar energy and approximately 75% to wind energy." Of these projects, she said, "some have been pre-identified, but not all of them."

Marquilly added that all projects would have to comply to specific ESG criteria defined by Vigeo, a European ESG rating agency. According to EDF, all "selected projects will have to comply with the eligibility criteria drawn up by the Vigeo, which cover five areas related to environmental and social impacts."

EDF's €1.4 billion green bond follows a €2 million investment EDF dedicated to the development of 1.55 GW of renewable energy capacity in 2012. The group's installed renewable capacity at the end of September 2013 stood at 6.4 GW.

All solar PV and wind energy projects financed by the green bond funds will be led by EDF Energies Nouvelles, a wholly-owned EDF subsidiary since 2011.

The company hopes the initiation of the green bond will pave the way for new channels of financing for other EDF businesses, such as hydropower and energy services.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.