€75bn+ in green bond issuances since 2023 - coupon rates stabilized at 3.8% over the past three quarters, following high of 4.6% in Q2 2023

updated on 04 August 2024
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In H1 2023, despite peak interest rates reaching 4%, leading utilities like EDP, EDF, and Iberdrola successfully issued over €45 billion in bonds. These substantial funds are driving their ambitious expansion strategies. Conversely, smaller players are exercising caution in response to evolving market dynamics. Meanwhile, bond investors are seizing new opportunities in emerging markets such as Romania, Greece, and Poland. These securities are increasingly recognized as a stable avenue for raising capital and funding development for renewable energy firms. This trend underscores a strategic shift, highlighting the resilience and adaptability of the sector amid fluctuating economic conditions.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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