According to DTEK CEO Maxim Timchenko, “Green Eurobonds are a new tool for Ukrainian companies to attract investment for the development of our renewable energy sector. It is thanks to the entire DTEK team that we have successfully issued these first Green Eurobonds. As a company, we have created the expertise that allows us to implement large-scale and ambitious projects, and which demonstrate to international investors the high professionalism of Ukrainian companies. The issuance of these Green Eurobonds represents a major milestone for the Ukrainian energy sector. Ukraine has a unique opportunity to create a modern energy system: clean, efficient, competitive. The use of Green Eurobonds provides an attractive and highly effective financial mechanism to support Ukraine's transition to a more balanced energy system with lower CO2 emissions”.
The funds from the issuance of these Green Eurobonds will be used exclusively by DTEK Renewables for existing and future renewable energy projects. In order to ensure transparency and accountability, the company will use a public reporting system that details exactly how these funds are being distributed in relation to particular projects and describes the projects themselves. Consistent with best international practice, this information will be captured in a report which will be published on the company's website until the loan is repaid.
DTEK Renewables Green Eurobonds will be listed on the Euronext Dublin Exchange as of November 12.
