This is a breakthrough event in the history of Polenergia. We are introducing a new financial instrument to the group's financing structure, namely Green Bonds. The progressive abandonment of conventional energy creates excellent conditions for investments related to renewable energy sources. At Polenergia, we know how to use them, also taking into account how quickly the needs of Polish residents related to energy independence are growing.
Green Bonds will provide significant support for financing strategic projects of Polenergia, which is already the greenest energy group on the Polish market. Most of the funds from the issue will be allocated to the construction of the Bałtyk 2 and Bałtyk 3 offshore wind farms, which will supply over two million households with clean energy. This is an important investment in the future of Polish energy.
Polenergia Green Bonds were issued on the basis of the Green Bond Framework, positively reviewed by Sustainalytics. The non-prospectus public offering on the domestic market was addressed exclusively to qualified investors.
The enthusiasm with which investors welcomed Polenergia Green Bonds is the best proof that the market believes in the investments made by the company and the direction of development it has chosen. In response to the great interest, we decided to respond by increasing the amount of the issue to PLN 750 million, from the previously assumed level of PLN 500 million.
The role of the Organizers of the issue program and Dealers of Series A Bonds is performed by Bank Pekao S.A., mBank S.A., Santander Bank Polska S.A., and the issue agent is Santander Bank Polska S.A. – Brokerage House. The bonds will be listed in the Alternative Trading System on the Catalyst market of the Warsaw Stock Exchange.
Polenergia estimates that the total demand for funds from Green Bonds resulting from currently implemented projects will amount to approx. PLN 1 billion within 12 months.
The Bałtyk 2 and Bałtyk 3 offshore wind farms, for the construction of which the majority of the funds from the bonds will be allocated, recently obtained a complete set of building permits. The final investment decision (FID) for both projects should take place in the first quarter of 2025.
The Bałtyk 2 and Bałtyk 3 projects, with a total capacity of 1,440 MW, are located in the Polish exclusive economic zone of the Baltic Sea, at a distance of 22 to 37 km from the coastline. The first energy from both projects is to flow into the grid as early as 2027. The commercial stage of their use is planned from 2028.
Other purposes for which the funds from green bonds can be allocated include the development of wind and photovoltaic projects on land, the construction of the H2HUB Nowa Sarzyna project and the further development of the H2Silesia project. The Group’s goal is also to further develop the Bałtyk 1 offshore wind farm project, with a planned capacity of up to 1,560 MW, in order to prepare it for the auction scheduled for 2025.
Szanowny użytkowniku, w zgodzie z założeniami RODO potrzebujemy Twojej zgody na przetwarzanie danych osobowych w tym zawartych w plikach cookies. Dowiedz się więcej.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
