DTEK wins the award for Most Impressive Debut Issuer at its annual Bond Awards for the issuance of green bonds
GlobalCapital annual Bond Awards celebrate the accomplishments of leading companies from a range of industries across the world and are voted on by participants in international financial sector in the financial world. This is DTEK's second award for the issuance of green Eurobonds, which have become a new financial instrument for Ukraine to decarbonise its economy.
“The recognition of our work at the global level is a testament to the professionalism of our team and the relevance of our activities for the entire energy sector of Ukraine. Investments in renewable energy sources in Ukraine significantly contribute to the betterment of the environmental situation in our country, which requires further impetus and should be supported in every possible way”- commented Maris Kunickis, CEO of DTEK Renewables.
DTEK Renewables manages and develops DTEK Group’s green energy portfolio. The company has invested 1.2 billion euros in developing renewable energy, leading to the construction of wind and solar power plants with a capacity of 1 GW. These facilities will continue to contribute to the annual reduction of CO2 emissions into the atmosphere by 2.6 million tons.
In November 2019, the company issued green Eurobonds for the first time, when securities worth 325 million euros with a maturity of 5 years were placed on Euronext Dublin. Under the terms of the issuance, the funds raised are to be used exclusively for existing and future DTEK Renewables projects. The company’s debut listing became a benchmark for the entire Ukrainian renewable energy sector and showed an increased willingness by international investors to support projects aligned with the ESG (Environmental, Social, Governance) principles.
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