ALL FUNDING OCCURS VIA OUR GREEN FINANCE FRAMEWORK

Green financing in European Energy

100% of bond proceeds used for renewable energy

Green Finance Framework

This Green Finance Framework is structured in accordance with the 2021 ICMA GBP, as well as the 2023 LMA, APLMA and LSTA GLP. European Energy may issue or borrow different Green Finance Instruments under this framework, including green bonds, loans and other types of debt instruments.

Our Green Finance Framework

External verifier of the Green Finance Framework and Eligible Assets

Eligibility assessment opinion

European Energy has engaged S&P Global to act as an external verifier of this Green Finance Framework and the Eligible Assets by way of a Second Party Opinion.

View S&P Global eligibility assessment opinion

Senior, maturity 2027, EUR 375m bond

Terms and conditions

Terms and conditions: Available for download here.

Prospectus

Prospectus: Available for download here.

Listing

Listing to be admitted to trading on Nasdaq Copenhagen or another Regulated Market within six (6) months after the First Issue Date.

Bond tap

Click here for bond tap addendum.

View our historical financing here.

Capital structure in European Energy

A two-layered capital structure

The Group operates a two-layered capital structure. The parent company constitutes the top-layer of the capital structure, which includes funding that is unsecured and structurally subordinated to project-level financing at the bottom. The latter is predominantly secured bank financing of renewable energy projects either under construction or in operation. The Group’s financial policy is defined by a set of financial maintenance covenants included in the terms and conditions of the senior unsecured bonds issued by the parent company. These are:

1. A minimum parent company equity to total assets (excl. cash) of 25%
2. A maximum group project financing to group project assets (PPE and Inventories) of 75%

Debt funding of the parent company is based entirely through Nasdaq Copenhagen listed bonds with “Nordic”-style documentation and issued under the company’s green financing framework.