RWE issues new US$ 2.1 billion bond to chase solar, wind projects

• German energy giant RWE has issued a green bond with a volume of EUR2 billion (US$ 2.1 billion), the proceeds of which will certainly be used to pursue development of solar as well as wind projects.

The latest issue follows two bonds issued last year with an overall value of EUR1.85 billion to power RWE's 'Growing Green' method, which includes the energy broadening its portfolio of renewables projects to 50GW.

RWE's Breen Bond Framework, introduced in April 2020, stipulates that green bond financing can be utilized to fund or refinance, in entire or partly, wind and solar projects. RWE is targeting projects in "eye-catching markets" in Europe, North America and also Asia-Pacific.

Its most recent bond has actually been issued in two tranches of EUR1 billion each with maturities in 2026 and also 2030.

RWE stated the issue was met "solid passion" from investors.