Orsted has committed to carbon neutrality by 2025
Orsted signs €2bn climate-linked revolving credit facility
Interest margin to depend on performance against predefined sustainability targets, Danish energy company says
Danish energy company Orsted has signed a €2bn ($2.3bn) revolving five-year credit facility as it seeks to push on with its transition plans. The facility’s interest margin will be adjusted annually by an undisclosed amount depending on third-party verification of two sustainability targets: reducing scope one and two carbon emissions from energy generation and operations to 10g CO₂e/kWh by 2025; and investment of DKK350bn ($54.4bn) in EU taxonomy-aligned green projects between 2020-2027. “At Orsted, we are very committed to contributing to driving the green transition,” says Orsted CFO Marianne Wiinholt. “We have been issuing senior bonds and hybrid capital in green format since 2017, and w
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