BAKU, Azerbaijan, May 27. European Bank for
Reconstruction and Development is investing 20 million euros in the
first green bond issued by Eesti Energia, Trend reports via the
Bank.
The EBRD’s investment will account for 6.7 percent of the
planned 300 million euro bond issuance. The bond is set to be
listed on the Luxembourg Stock Exchange’s Euro MTF market.
The proceeds will support Eesti Energia’s long-term energy
transition strategy and investments in energy security
infrastructure across its key markets in Estonia, Latvia, Lithuania
and Poland.
Funding will be directed toward eligible green projects,
including renewable energy generation, electricity distribution
networks supporting renewable integration, battery energy storage
systems and electric vehicle charging infrastructure.
According to the EBRD, its participation will also contribute to
improving governance and operational standards at the company,
including enhanced cybersecurity measures, sustainable procurement
practices and initiatives aimed at promoting equality in the energy
sector.
Eesti Energia is among the largest energy groups in the Baltic
region, operating across Estonia, Latvia, Lithuania and Poland. The
company is currently transitioning toward a more integrated energy
platform focused on renewable generation, energy storage and system
services.
The EBRD remains one of the leading institutional investors in
Estonia and the broader Baltic region. To date, the bank has
invested approximately 1.35 billion euros in Estonia through 133
projects.
