RWE has successfully issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each with maturities in 2026 and 2030. For the first tranche, the yield-to-maturity amounts to 2.2%. For the second tranche, the yield-to-maturity amounts to 2.9%. The issuance has met with strong demand from investors, resulting in a final order book volume of more than €5 billion.
In 2021, RWE had already issued two green bonds with a total volume of €1.85 billion. The RWE Green Bond Framework states that wind and solar projects are eligible for green bond funding. This is in line with the United Nations’ Sustainability Goal number 7 designed to increase the share of renewable energies in the worldwide electricity mix.
With this strategy of ‘Growing Green’, RWE is hugely stepping up the pace of its green commitment. It is planning to invest €50 billion gross in its core business by 2030. This will expand the company’s portfolio to 50 GW in what it considers the ‘attractive’ markets of Europe, North America, and the Asia-Pacific Region.