Monday, September 25, 2017

France: Geothermal Energy Developer Increases Investment in Renewables

ENGIE issues for EUR 2 billion of bonds, of which EUR 1.25 billion in Green Bond (News Release)

To support its ambitious development strategy in renewable energies and energy efficiency, ENGIE, a French multinational electric utility company, issued yesterday its third Green Bond for a total of €1.25 billion. With this transaction, the total amount of bonds issued by ENGIE in Green Bond format since 2014 reaches €5.25bn, confirming the Group’s commitment to play a leading role in the energy transition whilst supporting the development of the green finance.

The proceeds of this bond will be used to finance the Group’s growth in renewable energy or energy efficiency projects, and in natural resources preservation projects, as well as R&D investments in such areas and equity participations in projects of the social impact ENGIE fund “Rassembleurs d’Energies”.

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