Green Bond Fact Sheet

Eurogrid issued a EUR750m green bond on 15 May 2020 to finance and refinance the Ostwind 1 and Ostwind 2 offshore connections in the Baltic Sea. The bond, certified under the Climate Bonds Standard v3 for Marine Renewable Energy, supports wind farms with a total capacity of approximately 1.5GW. It is noted as the first green bond explicitly linked to offshore wind transmission infrastructure and offshore wind in the Baltic Sea.

• Eurogrid issued a green bond on 15 May 2020 with a total amount of EUR750m (USD812m), featuring a 12-year tenor and a maturity date of 15 May 2032. The bond has a coupon rate of 1.11% and a Moody's credit rating of Baa1.
• The bond is certified under the Climate Bonds Standard v3, specifically including sector-specific criteria for Marine Renewable Energy, with pre-issuance verification provided by Vigeo Eiris.
• Proceeds from the bond are designated for the financing and refinancing of two offshore connections, Ostwind 1 and Ostwind 2. These connections link to wind farms in the Baltic Sea with a combined installed capacity of approximately 1.5GW, located 90km from the German mainland. Ostwind 1 was finished in 2019, while Ostwind 2 is under development.
• This issuance is identified as the first green bond explicitly linked to offshore wind transmission infrastructure and offshore wind in the Baltic Sea.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-05_DE_Eurogrid.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-05_DE_Eurogrid.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=15 May 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-05_DE_Eurogrid.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2020-05_DE_Eurogrid.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }