SUBSCRIBE
PROFILE

Eolus raises SEK550mn in green bonds to refinance its debt

Swedish wind developer Eolus has issued senior secured green bonds worth SEK550mn ($51.5mn), enabling the full refinancing of its existing debt.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Eolus Vind Aktiebolag (publ) has completed the issuance of senior secured green bonds in the amount of SEK550mn ($51.5mn), with a four-year maturity and a floating interest rate of three-month STIBOR (Stockholm Interbank Offered Rate) plus 750 basis points. This transaction, structured under Eolus’ green framework established in March 2025, represents a significant step in the company’s financing strategy.

Listing planned on Nasdaq Stockholm

Eolus intends to apply for listing of the bonds on Nasdaq Stockholm’s sustainable bond list. Proceeds from the issue will be exclusively allocated to projects that comply with the criteria of its green framework, though no specific financial details related to the projects have been disclosed at this stage.

The company stated that the transaction completes the full refinancing of its existing debt. The refinancing strategy includes the bond issuance as well as several additional debt instruments.

Combination of instruments to secure refinancing

In addition to the green bonds, Eolus has secured a bridge facility, a super senior revolving credit facility, and a binding commitment for construction financing. No further details have been provided regarding the amounts or terms of these facilities.

The transaction was coordinated by DNB Carnegie, acting as sole bookrunner and green structuring adviser. Legal counsel to Eolus was provided by Mannheimer Swartling Advokatbyrå AB, while DNB Carnegie was advised by law firm Cederquist KB.

This transaction reflects a broader trend among renewable energy developers in Northern Europe to diversify financing sources, within a bond market that remains active despite short-term interest rate pressures.

  • Popular on energynews.pro
Monkey Island LNG integrates ConocoPhillips technology in strategic agreement
Hungary and Poland accelerate solar and battery growth in Central Europe
Uniper demolishes 116-metre cooling tower at Scholven site
TruGrid delivers three storage projects in Texas on time and without cost overruns
Zelestra and BKW partner on 2 GWh battery storage megaproject in Italy
Alerion completes acquisition of 14.4 MW wind farm in Ireland
Alerion Clean Power enters the Irish market through the acquisition of an onshore wind farm in County Tipperary, as part of its 2025–2028 industrial plan.
Global wind sector targets 2 TW installed capacity by 2030 despite uncertainties
Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.
Ocean Winds installs first foundation at Dieppe – Le Tréport offshore wind farm
Ocean Winds reaches a new milestone with the installation of the first foundation at the Dieppe – Le Tréport offshore wind farm, which will comprise 62 turbines supplying nearly 850,000 people.
Pennavel and BrestPort sign strategic agreement for Breton floating wind project
Pennavel and BrestPort strengthen their partnership around the South Brittany floating wind project, aiming to structure industrial operations from 2030 at the EMR terminal of the port of Brest.
Van Oord completes installation of 109 cables at Sofia offshore wind farm
Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.
ERG signs three PPA contracts with FS Group for 1.2 TWh of electricity
Italian producer ERG will supply 1.2 TWh of energy to Rete Ferroviaria Italiana starting in October, marking a step forward in structuring the national PPA market.
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
The Chinese turbine manufacturer has signed a strategic agreement with Mensis Enerji to develop an initial 4.5 GW wind power portfolio in Turkey, strengthening its position in a fast-growing regional market.
Trump administration moves to revoke Avangrid permits for offshore wind off Massachusetts
The Trump administration plans to revoke federal approval of the New England Wind project, jeopardising offshore wind contracts representing 2,600 MW of capacity off the northeastern US coast.
Orsted sues Trump administration over halt of Revolution Wind project
Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.
SPIE secures strategic contract for TPC II offshore wind farm in Taiwan
SPIE Wind Connect will carry out subsea connections for phase II of the TPC project, a major development in Taiwan’s offshore wind sector with a projected annual capacity of 1,000 GWh.
Envision Energy enters Turkish market with 232 MW wind project
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
ABO Energy cuts costs and accelerates wind project sales
ABO Energy maintains its annual targets despite a drop in half-year profit, relying on cost-cutting measures and early project sales to secure cash flow.
Energiekontor secures financing for two wind farms totalling 94 MW in Lower Saxony
Energiekontor has closed financing for two wind projects in Verden, with a combined 94 MW, with construction starting this year and commissioning scheduled for 2027.
Seoul excludes foreign turbines in 689 MW offshore wind auction
South Korea has rejected all projects using foreign turbines in its 2025 offshore wind auction, marking a strategic shift in favour of local industry and energy security.
Denmark rejects again 37 offshore wind applications without tender
The Danish Energy Agency confirmed the rejection of 37 feasibility study permit applications, citing European Union state aid rules and lack of competition.
ACEN Australia’s 900 MW wind project secures federal approval
With an AUD$3 billion investment, ACEN launches one of Tasmania’s largest private projects, aiming for commissioning in 2030 and annual supply for 500,000 households.
In France, four citizen-funded wind turbines inject 12.9 MW into the Breton grid
In France, a 12.9 MW wind farm financed by local actors has been commissioned in Martigné-Ferchaud, showcasing an unprecedented model of shared governance between citizens, local authorities and public investment companies.
Five US coastal states challenge Trump over offshore wind projects
The governors of five states urged the Trump administration to maintain permits for threatened offshore wind projects, citing massive investments and jobs at stake in a nascent industry.
Green Wind Renewables launches 450 MW wind project in Western Australia
Green Wind Renewables is developing a 450 MW wind farm in the Wheatbelt region of Australia, with up to 75 turbines and an estimated annual output of 1.5 TWh.
RWE activates 83 megawatts of wind and solar capacity in France
German group RWE has commissioned five new power plants in France, adding 83 MW to its portfolio, following repeated successes in tenders organised by the Energy Regulatory Commission.

Log in to read this article

You'll also have access to a selection of our best content.