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:

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.

VALEMO, the French energy maintenance company, will lead the remote supervision of the Yeu-Noirmoutier offshore wind farm, bringing its expertise to the ongoing management of marine electricity production infrastructure and equipment.
Opdenergy acquires thirteen new wind farms in Spain for a total capacity of 440 MW, strengthening its international presence and portfolio through a major asset transfer operation in the sector.
The Sonnenberg V project marks a new milestone with the signing of a cooperation agreement between ENERTRAG and EBERT for the renewal and expansion of a 235 MW wind farm in Saxony-Anhalt. —
OX2 acquires a 34-turbine wind project in the Dalarna region, representing 14% of the county’s electricity consumption, marking a step forward in its commercial collaborations with Eolus and Dala Vind.
Nordex Group records a significant jump in profitability and order intake, reaching EUR 2.3 bn in the second quarter of 2025, confirming its financial trajectory with a positive free cash flow.
German manufacturer ENERCON is investing up to €30 mn in expanding its Aurich site, with public financial backing to boost the ramp-up of its new turbines designed for the onshore wind market.
The Neart na Gaoithe offshore wind farm, with a capacity of 450 megawatts, comes online off the coast of Scotland, mobilising GBP200 mn ($259 mn) in public and private investment for the region.
The British government is increasing by 11% the guaranteed price for offshore wind electricity to support projects facing inflation and supply chain constraints.
DP Energy plans to build a 1,400 MW wind farm near Julia Creek, supported by an energy storage system, enhancing industrial momentum and supply prospects in northern Queensland.
Equinor announces a significant impairment on its offshore wind project Empire Wind, due to regulatory changes and tariffs, affecting its quarterly results.
Shandong Electric Power Construction Corporation No. 3 (SEPCO3) has signed an EPC contract for the construction of the 700 MW Yanbu wind energy project under Saudi Arabia's National Renewable Energy Program.
The 17 MW floating wind turbine prototype, the most powerful in the world, was launched in China, marking a significant advancement in offshore turbine manufacturing and supporting the development of deep-sea offshore wind power.
RWE has inaugurated the Mondonuovo wind farm in Italy, a 53.1 MW facility capable of powering 55,000 Italian households. This project marks a key milestone in the development of renewable energy in Italy.
Swiss company Wysenergy has secured public funding for its first wind project in France, located in the municipality of Faux-Fresnay and selected under the PPE2 tender scheme.
Energy supplier OVO plans to invest several hundred million pounds in the renovation of British wind farms, aiming to increase national capacity and accelerate the country’s energy transition.
Danish group Cadeler has taken early delivery of the Wind Keeper, its eighth vessel, now tied to a three-year contract with Vestas worth a firm EUR210m ($228m), including additional options.
bp has announced the sale of its US onshore wind operations to LS Power, strengthening the American group’s 21GW portfolio and continuing its global asset divestment strategy.
Dstgroup, through its subsidiary dstventures, invests €1.5mn ($1.62mn) in Gazelle Wind Power and commits to building the structures for the Nau Azul project, marking progress for the floating wind industry in Portugal.
German group wpd takes over the teams and a portfolio of 17 wind projects from Calycé, consolidating its position in the French market and expanding its regional presence, particularly in the Grand Est, with the support of Envinergy.
SPIE Wind Connect partners with Van Oord to connect and test 21 high-voltage cables for the Windanker offshore wind farm, marking a key milestone in the development of Germany’s offshore wind sector.