Vigeo Eiris has provided a Second-Party Opinion on the sustainability credentials and management of Eurogrid’s Green Bond
In coordination with our German partners, imug rating, Vigeo Eiris provided SPOs for the Green Bond that was officially closed on May 15th.
Eurogrid secured liquidity for its subsidiary and German transmission system operator 50Hertz through a EUR 750 million green bond. This debut green bond issuance arranged by Rabobank, BNP Paribas and UniCredit Bank will finance the grid connections Ostwind 1 and 2 of offshore windfarms in the German Baltic Sea.
We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of the Green Bond issued by Eurogrid. Our opinion is that this Bond is aligned with the four core components of the Green Bond Principles (2018) and we have expressed a reasonable assurance (our highest level of assurance) on the contribution of this Bond to sustainable development.
Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, the Americas and Asia. We were the 3rd biggest SPO provider in the market by number of deals in 2019 and are a Climate Bonds Standard Approved Verifier.
Eurogrid is an energy company and indirectly owned and managed by Elia System Operator NV/SA (Elia), the Euronext listed Belgian transmission system operator, and Kreditanstalt für Wiederaufbau (KfW). Eurogrid owns a 100% interest in 50Hertz Transmission GmbH, one of the four transmission system operators responsible for operating, maintaining, planning and expanding the German energy grid.
For more information, please contact VEsustainablefinance@vigeo-eiris.com
ESG, Green bonds