Convertible bonds for energy storage

What does EDF do with its green convertible bonds?

Électricité de France (EDF) sold a historic €2.4bn green convertible bond on 8 September, with the proceeds to be allocated to finance or refinance renewable energy production and storage activities consistent with EU requirements. This was followed by EDF.

Why did Siemens Energy issue a mandatory convertible bond?

The issuance of the notes is one component of these announced equity measures. "The swift and successful placement of the mandatory convertible bond indicates institutional investors’ confidence and belief in our overarching Siemens Energy strategy," said Maria Ferraro, CFO of Siemens Energy.

Which companies have issued green convertible bonds?

Since May 2020, nine companies have issued green convertible bonds. Among them is Neoen, which issued the first European green convertible bond for €170m on 28 May. Neoen is a renewable energy company that builds and manages power plants in solar, wind and biomass.

Are green convertible bonds on the rise?

Interestingly, the issuance of green convertible bonds is also on the rise. Before 2020, only two green convertible bonds were issued: Sumitomo Forestry (Japan) in 2018 and Link REIT (Hong Kong) in 2019.

What is the principal amount of SGL Carbon's convertible bonds?

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE DOCUMENT. Wiesbaden, September 14 2022. SGL Carbon SE (the “ Issuer ” or " SGL Carbon ") today successfully completed the placement of unsubordinated, unsecured convertible bonds due 2027 (the " Convertible Bonds ") in the aggregate principal amount of €101.9 million.

Is Schneider Electric a 'green' bond?

Schneider Electric did not issue a 'green' bond, but it is notable that they launched the first sustainability-linked convertible bond in November. The performance of this bond is linked to three KPIs (CO2 emissions, gender diversity, and number of underprivileged people trained in energy management) to the cost of the coupon paid to investors.