The bond has a 10-year term and a 3.5% coupon, with proceeds earmarked for both new and ongoing renewable energy projects. Investor demand was strong, surpassing €3.7 billion, and over 170 investors from across Europe participated. The final pricing was set at a 110 basis point spread over mid swap, with 93% of allocations going to sustainable investors.
The issuance was led by a syndicate of eight banks: Bank of China, BBVA, Crédit Agricole, Deutsche Bank, HSBC, MUFG, CIC, and UniCredit.
Amazon and Iberdrola have expanded their global renewable energy partnership by adding 476MW of new power purchase agreements (PPAs) across five countries.
The European Investment Bank (EIB) and Iberdrola, backed by SACE's Archimede Guarantee, have signed a new €100 million green loan agreement to build a new photovoltaic plant in Italy.
The initiative is part of the company's sustainability strategy and a first step in the transition to a green fleet.
In 2022, Romanians were in last place in the European Union in terms of municipal waste production and recycling, according to data published by Eurostat.
Reducing carbon emissions and increasing the share of renewable energy and the development are the objectives of Roca's sustainability strategy for 2024.
The companies can submit their project proposals until 12 March 2024.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.
European companies are facing widespread challenges as they attempt to comply with the EU's new sustainability reporting standards, according to recent findings from the European Financial Reporting Advisory Group (EFRAG).
