Rabobank publishes first annual Green Bond Report
Proceeds funded the installation of 229 megawatt of solar and wind energy projects
9 October 2017
Rabobank has launched its first annual Green Bond Report, one year after the issuance of its first Green Bond that successfully issued EUR 500 million of debt to institutional investors. All proceeds of the bond were allocated to 12 new wind and solar energy projects in the first year after issuance of the bond. The proceeds supported additional lending to our renewable energy portfolio and result in an installed capacity of 229 megawatt for renewable energy generation.
The 12 projects establish wind and solar energy projects in Belgium, Germany, Ireland, The Netherlands, the United Kingdom and the United States of America. All proceeds of the bond were allocated to eligible projects within the first year after the issuance of the 2016 Rabobank Green Bond. The projects were carefully selected to be aligned with the Rabobank Green and Sustainability Bond Framework, Rabobank’s applicable sustainability policies, The Equator Principles III, and the Green Bond Principles.
Sjaak-Jan Baars, Head of Long Term Funding: “We are pleased to show to investors that we have succeeded in allocating the bond’s proceeds fully to eligible projects in the first year after bond issuance. And also that this bond contributed to realising additional capacity for renewable energy generation and helps the global energy transition.”
Rabobank will publish Green Bond reports annually up to the maturity of the bond in October 2021.