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Greenko Energy rallies USD 950 mn in green bond sale

Wednesday, 24 Jul 2019
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GIC and the Abu Dhabi Investment Authority (ADIA) backed Greenko Energy has raised USD 950 million.

The bond raise followed after GIC and ADIA agreed to pump in an additional USD 329 million in Greenko Energy. Greenko Energy owns operating assets of 4.2 GW and under-construction assets of seven GW.

It had raised USD one billion through dollar denominated bonds in 2017. This also follows the USD 495 million investment in June by the sovereign wealth funds, GIC and ADIA, in Greenko Energy to build power storage projects. The two sovereign funds have so far infused USD 2.2 billion in Greenko Energy.

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