Acciona Energía has issued a €500m, six-year green bond, its first such offering, that will be used to help realise its 9300MW growth plan.
The bonds will be listed on Euronext Dublin under the Euro Medium Term Note program established by Acciona in July for a maximum amount of €3bn.
The annual coupon has been set at 0.375%, with a yield of 0.416%.
The Spanish company has said it plans to double its size in terms of total installed renewable capacity, from 10.7GW in 2020 to 20GW in 2025, with an investment of €7.8bn.
The transaction is structured under an advanced green financing framework that is fully aligned with the taxonomy of sustainable activities and the stringent requirements of the European Union’s green bond framework, Acciona said.
In June, the company received the best environmental, social and corporate governance rating in the global energy sector in a cross-sectoral assessment by S&P Global Ratings.
The underwriters for the issue were BBVA, Bestinver Securities, BNP Paribas, CaixaBank, IMI_Intesa Sanpaolo, JP Morgan, Santander, Societe Generale and Unicredit.