TenneT, a transmission system operator in the Netherlands, has launched and priced a senior green bond issue of €3.85 billion ($4 billion), to invest in eligible green power transmission projects in the Netherlands and Germany.
The transmission projects are focused on connecting large-scale offshore wind farms to the onshore electricity grid and investments in the onshore transmission grid.
“Green financing aligns perfectly with our role in facilitating the backbone of a secure, reliable and zero-carbon energy system, as our work contributes towards national and international climate goals, in particular our home markets in the Netherlands and Germany,” said Arina Freitag, CFO of TenneT.
The bond issue will be split in four tranches. The six active joint bookrunners include ABN AMRO, BNP Paribas, Commerzbank, NatWest Markets, Santander and UniCredit.