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Polish energy company TPE issues 1.7 billion bonds to support low-carbon energy development

 Last Update: 2023-01-03
 Source: Internet
 Author: User

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Polish energy company Tauron Polska Energia SA (TPE) sold bonds worth 1 billion zlotys (about 1.
7 billion yuan) in a deal involving commitments from the European Bank for Reconstruction and Development
.

TPE recently said that the European Bank for Reconstruction and Development (EBRD) purchased bonds
with a total face value of 240 million zlotys (about 400 million yuan).
The bond matures
on October 30, 2025.

The proceeds from the offering will be used for financing costs associated with the development and acquisition of renewable energy projects, including financing in the power distribution segment and for general corporate purposes
.
This initiative will be linked to
renewable energy or the transition to zero emissions.
Some of the funds will be used to refinance
the Group's debt.

The sale is part of the Polish group's bond issuance plan of
up to 2 billion zlotys (about 3.
4 billion yuan).
The bonds will be listed
on the Warsaw Stock Exchange (WSE).

TPEs aim to increase the share of low- and zero-emission sources in their portfolio to nearly 30% by 2025 and more than
65% by 2030.

Last year, the company said it would invest in 900 MW of onshore wind farms and 300 MW of solar power plants by 2025, while also investing in the construction
of offshore wind farms.

This article uses a real-time exchange rate of 1 Polish zloty = 1.
6968 yuan

The sale is part of the Polish group's bond issuance plan of
up to 2 billion zlotys (about 3.
4 billion yuan).
The bonds will be listed
on the Warsaw Stock Exchange (WSE).

TPEs aim to increase the share of low- and zero-emission sources in their portfolio to nearly 30% by 2025 and more than
65% by 2030.

Last year, the company said it would invest in 900 MW of onshore wind farms and 300 MW of solar power plants by 2025, while also investing in the construction
of offshore wind farms.

This article uses a real-time exchange rate of 1 Polish zloty = 1.
6968 yuan

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