Ukrenergo attracted $ 825 million of targeted Eurobonds for settlement with green investors. European Bank for Reconstruction and Development invests in bonds of NEC “Ukrenergo” $ 75 million in order for the company to be able to pay debts to electricity producers from renewable sources, the bank said on its official website on November 3.
“The European Bank for Reconstruction and Development is investing $ 75 million in $ 825 million in sustainable development bonds issued by NEC Ukrenergo in an attempt to resolve the payment crisis affecting the country’s renewable energy sector. This is the first sustainability-linked bond issued by a Ukrainian company. and the EBRD’s participation as a major investor has provided comfort to other institutional investors, further expanding market participation, “the EBRD said.
Agency “Interfax-Ukraine” noted with reference to the data of the State Enterprise “Guaranteed Buyer”, which receives from Ukrenergo compensation for the difference between the “green” tariff and the market price of electricity within the framework of special obligations, that as of October 25, 2021, the level of settlements with renewable energy generation for the last year averaged 69%.
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