Green Bond Fact Sheet

This fact sheet details a EUR150 million green bond issued by Terna Energy Finance on October 22, 2019, to finance and refinance wind energy projects in Greece and the United States.

• Terna Energy Finance issued a common bond on October 22, 2019, with a total amount of EUR150 million (USD167 million), a 7-year tenor maturing on October 22, 2026, and a 2.6% coupon.
• The bond proceeds are designated for the financing (60%) and refinancing (40%) of wind farms across 15 sites: 14 in Greece and one in the United States.
• The Greek projects consist of 9 sites in Euboea and 5 sites in Central Greece, with a total installed capacity of 218MW and development costs of EUR289 million (USD318 million). The single US project is the Bearkat wind farm in Texas, which has an installed capacity of 197MW and a development cost of USD255 million.
• The bond is certified under the Climate Bonds Standard v2.1 for Wind, with pre-issuance verification provided by EY. This represents the first such certification for an issuer based in Greece and the first linked to wind farms in the US.
• Terna Energy, a subsidiary of GEK Terna, is a renewable energy developer and owner with 1.36GW of wind generation installed globally as of September 2019, including 651MW across four sites in the US.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-10_GR_Terna_Energy.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-10_GR_Terna_Energy.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=22 October 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-10_GR_Terna_Energy.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2019-10_GR_Terna_Energy.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }