orsted
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Danish renewable energy developer Ørsted has announced plans help finance new wind infrastructure via the issuing of green bonds.

The company has targeted the installation of 15GW of installed offshore wind capacity by 2025, and will issue a mixture of bonds to raise capital.

According to the firm’s estimates, the bonds will take the form of eight-year and 14-year fixed rate options, with a further 15-year index-linked tranche also a future possibility.

The value of the overall issuance, and prices are yet to be revealed but Orsted say the bonds will help finance the 1.4GW Hornsea Two project in the North Sea – set to be the world’s largest offshare windfarm, boasting 165 turbines at completion.