Ørsted Issues Green Bonds, Secures GBP 900 Million

Ørsted has secured nominal GBP 900 million through the issuance of green senior bonds, to finance its green growth ambition towards 2025 including the investment in the 1,386MW Hornsea Project Two offshore wind farm in the United Kingdom.

Ørsted has completed the pricing of new unsecured green senior bonds comprising a GBP 350 million fixed-rate tranche with maturity in 2027, a GBP 300 million fixed-rate tranche with maturity in 2033 and a GBP 250 million inflation-linked tranche (CPI) with maturity in 2034. All tranches have settlement on 16 May 2019.

Hornsea Project Two is located 89km north-east of Grimsby and will comprise 165 Siemens Gamesa 8MW wind turbines.

Once operational in 2022, Hornsea Two will surpass the 1.2GW Hornsea Project One, currently under construction offshore Yorkshire, to become the world’s largest wind farm.