This is the first Certification to be awarded to an issuer based in Greece. The issuer is a subsidiary of GEK Terna, which is a top 25 largest company listed on the Athens Stock Exchange. Terna Energy is a renewable energy developer and owner.
As of September 2019, Terna Energy has a portfolio of 651MW of wind generation across 4 different sites in the US. In total, it currently has 1.36GW of wind generation installed worldwide, including in Greece.
This is also the first Certification attached to a wind farm in the United States.
The proceeds will be used to finance and refinance the development of wind farms across Greece and the US.
The sites in Greece have a combined installed capacity of 218 MW and a development cost of EUR 289 million (USD 318 million).
The Bearkat wind farm in Texas has an installed capacity of (197 MW) and a development cost of $255 million.
|October 2019||Use of Proceeds Bond||EUR 150 million (USD 167 million)||7 years||Greece||Wind||Pre Issuance Verification|