Sustainable projects with sustainable finance

Offshore Windpark Baltic 2

Wind offshore

Onshore Windpark Haupersweiler

Wind onshore

Leibertingen Solarpark

Solar (PV)

EnBW Einweihung Sindelfinger Wald

Charging infrastructure

Valeco-Windpark-in-Frankreich

Acquisition of Valeco

Overview of green bonds fund allocation

Allocation report for the green senior bond issued in 2018 (XS1901055472) and the green subordinated bonds issued in 2019 (XS2035564975 & XS2035564629)

Project Category
Project name
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
Installed capacity (MW)0Rounded figures
Generation capacity attributable to the bonds (MW)
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
2018 green senior bond
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
Generation capacity attributable to the bonds (MW)
2018 green senior bond
2019 green subordinated bonds
2019 green subordinated bonds
Project Category
Offshore wind locations in Germany
Project name
Hohe See0 Projects that have been under construction at the time of allocation
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
200.0
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
667.7
Installed capacity (MW)0Rounded figures
521.9
Generation capacity attributable to the bonds (MW)
60.42
2019 green subordinated bonds
200.8
Project name
Albatros0 Projects that have been under construction at the time of allocation
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
27.5
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
172.1
Installed capacity (MW)0Rounded figures
117.6
Generation capacity attributable to the bonds (MW)
8.1
2019 green subordinated bonds
50.7
Project Category
Total offshore
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
227.5
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
839.8
Installed capacity (MW)0Rounded figures
639.5
Generation capacity attributable to the bonds (MW)
68.2
2019 green subordinated bonds
251.5
Project Category
Onshore wind locations in Germany
Project name
Fuerth
Installed capacity (MW)0Rounded figures
16.5
Generation capacity attributable to the bonds (MW)
15.0
Project name
Freckenfeld
Installed capacity (MW)0Rounded figures
19.8
Generation capacity attributable to the bonds (MW)
9.8
Project name
Langenburg
Installed capacity (MW)0Rounded figures
33.5
Generation capacity attributable to the bonds (MW)
28.9
2019 green subordinated bonds
4.5
Project name
Winterbach
Installed capacity (MW)0Rounded figures
9.9
Generation capacity attributable to the bonds (MW)
4.8
Project name
Aalen-Waldhausen
Installed capacity (MW)0Rounded figures
16.5
Generation capacity attributable to the bonds (MW)
8.3
Project name
Buchholz III
Installed capacity (MW)0Rounded figures
13.2
Generation capacity attributable to the bonds (MW)
6.6
Project name
Fichtenau
Installed capacity (MW)0Rounded figures
9.9
Generation capacity attributable to the bonds (MW)
9.9
Project name
Dünsbach
Installed capacity (MW)0Rounded figures
9.9
Generation capacity attributable to the bonds (MW)
9.9
Project name
Bühlertann
Installed capacity (MW)0Rounded figures
13.2
Generation capacity attributable to the bonds (MW)
6.6
Project name
Dienstweiler
Installed capacity (MW)0Rounded figures
4.8
Generation capacity attributable to the bonds (MW)
2.4
Project name
Homburg
Installed capacity (MW)0Rounded figures
9.6
Generation capacity attributable to the bonds (MW)
9.6
Project name
Hasel
Installed capacity (MW)0Rounded figures
9.9
2019 green subordinated bonds
4.9
Project name
Brettenfeld
Installed capacity (MW)0Rounded figures
6.6
2019 green subordinated bonds
3.2
Project name
Burgholz
Installed capacity (MW)0Rounded figures
9.9
2019 green subordinated bonds
5.0
Project name
Rosenberg Süd
Installed capacity (MW)0Rounded figures
6.6
2019 green subordinated bonds
3.2
Project name
Nonnweiler
Installed capacity (MW)0Rounded figures
4.8
2019 green subordinated bonds
2.4
Project name
Rot am See II
Installed capacity (MW)0Rounded figures
3.3
2019 green subordinated bonds
3.3
Project name
Prötzel I0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
9.0
2019 green subordinated bonds
9.0
Project name
Rot am See I
Installed capacity (MW)0Rounded figures
9.9
2019 green subordinated bonds
9.7
Project name
Webenheim
Installed capacity (MW)0Rounded figures
6.2
2019 green subordinated bonds
3.1
Project name
Boxberg-Angeltürn
Installed capacity (MW)0Rounded figures
12.0
Generation capacity attributable to the bonds (MW)
10.6
Project name
Boxberg-Bobstadt
Installed capacity (MW)0Rounded figures
12.0
Generation capacity attributable to the bonds (MW)
10.6
Project name
Harthäuser Wald (Extension)
Installed capacity (MW)0Rounded figures
12.0
Generation capacity attributable to the bonds (MW)
10.2
Project name
Königheim
Installed capacity (MW)0Rounded figures
6.0
Generation capacity attributable to the bonds (MW)
5.7
Project Category
Onshore wind locations in Sweden
Project name
Röbergsfjället Vind
Installed capacity (MW)0Rounded figures
16.0
2019 green subordinated bonds
16.0
Project name
Bliekevare Vind
Installed capacity (MW)0Rounded figures
32.0
2019 green subordinated bonds
32.0
Project name
Säliträdberget Vind
Installed capacity (MW)0Rounded figures
16.0
2019 green subordinated bonds
16.0
Project name
Hedbodberget Vind
Installed capacity (MW)0Rounded figures
10.0
2019 green subordinated bonds
10.0
Project name
Granberg Vind
Installed capacity (MW)0Rounded figures
10.0
2019 green subordinated bonds
10.0
Project name
Brahehus Vind
Installed capacity (MW)0Rounded figures
11.5
2019 green subordinated bonds
11.5
Project name
Gnosjö Energie / Kulltorp
Installed capacity (MW)0Rounded figures
10.0
2019 green subordinated bonds
10.0
Project Category
Total onshore
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
233.3
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
142.4
Installed capacity (MW)0Rounded figures
370.5
Generation capacity attributable to the bonds (MW)
143.9
2019 green subordinated bonds
153.8
Project Category
Solar (PV) locations in Germany
Project name
Braunsbach-Zottish.0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
0.8
Generation capacity attributable to the bonds (MW)
0.7
Project name
Berghülen
Installed capacity (MW)0Rounded figures
2.7
Generation capacity attributable to the bonds (MW)
1.3
Project name
Eggesin
Installed capacity (MW)0Rounded figures
10.0
Generation capacity attributable to the bonds (MW)
10.0
Project name
Tuningen
Installed capacity (MW)0Rounded figures
4.5
Generation capacity attributable to the bonds (MW)
4.3
Project name
Löffingen0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
2.7
Generation capacity attributable to the bonds (MW)
2.7
Project name
Ingoldingen0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
4.4
Generation capacity attributable to the bonds (MW)
2.4
Project name
Müssentin0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
9.3
Generation capacity attributable to the bonds (MW)
9.3
Project name
Torgau0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
4.9
Generation capacity attributable to the bonds (MW)
4.9
Project name
Riedlingen-Zwiefaltendorf
Installed capacity (MW)0Rounded figures
5.2
Generation capacity attributable to the bonds (MW)
2.2
Project name
Inzigkofen 0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
7.5
2019 green subordinated bonds
6.7
Project name
Leibertingen 20 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
5.0
2019 green subordinated bonds
4.4
Project name
Birkenfeld0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
5.8
2019 green subordinated bonds
5.8
Project name
Lindendorf0 Projects that have been under construction at the time of allocation
Installed capacity (MW)0Rounded figures
6.9
2019 green subordinated bonds
6.9
Project Category
Total solar (PV)
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
27.6
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
14.3
Installed capacity (MW)0Rounded figures
69.4
Generation capacity attributable to the bonds (MW)
37.8
2019 green subordinated bonds
23.7
Project Category
Expansion of fast charging infrastructure
Project name
123 charging points at 89 locations on the German autobahn network
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
8.1
Project Category
Total
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
496.4
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
996.5
Generation capacity attributable to the bonds (MW)
250.0
2019 green subordinated bonds
429.1

As of 31 December 2020

Allocation report for the green subordinated bond issued in 2020 (XS2196328608)

Project Category
Project name
Capital expenditure attributable to the bond (€m, per category)0Rounded figures
Installed capacity (MW)0Rounded figures
Generation capacity attributable to the bonds (MW)0Rounded figures
Project Category
Onshore wind locations in France
Project name

Refinancing of the acquisition of Groupe Valeco in 2019
Capital expenditure attributable to the bond (€m, per category)0Rounded figures

494.8
Installed capacity (MW)0Rounded figures
363.8
Generation capacity attributable to the bonds (MW)0Rounded figures
188.8
Project Category
Solar (PV) locations in France
Installed capacity (MW)0Rounded figures
65.3
Generation capacity attributable to the bonds (MW)0Rounded figures
45.1

As of 31 December 2020

Impact Report

Impact Report for the green senior bond issued in 2018 (XS1901055472), the green subordinated bonds issued in 2019 (XS2035564975 & XS2035564629) and 2020 (XS2196328608)

Project category
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
Generation capacity attributable to the bonds (MW)0Rounded figures
Generated electricity attributable to the bonds (MWh) in 2020
CO₂ avoidance factor (gCO₂eq/kWh)0Source: Germany: Federal Environmental Agency publication “Climate Change 37/2019 - Emissionsbilanz erneuerbarer Energieträger, Bestimmung der vermiedenen Emissionen im Jahr 2018”, as of November 2019; France: Own calculation
Emissions avoided attributable to the bonds (tCO₂eq)
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
2018 green senior bond
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
2020 green subordinated bond
2020 green subordinated bond
Generation capacity attributable to the bonds (MW)0Rounded figures
2018 green senior bond
2019 green subordinated bonds
2019 green subordinated bonds
2020 green subordinated bond
2020 green subordinated bond
Emissions avoided attributable to the bonds (tCO₂eq)
2018 green senior bond
2019 green subordinated bonds
2019 green subordinated bonds
2020 green subordinated bond
2020 green subordinated bond
Project category
Offshore wind locations in Germany
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
227.5
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
839.8
Generation capacity attributable to the bonds (MW)0Rounded figures
68.2
2019 green subordinated bonds
251.5
Generated electricity attributable to the bonds (MWh) in 2020
1.240,571
CO₂ avoidance factor (gCO₂eq/kWh)0Source: Germany: Federal Environmental Agency publication “Climate Change 37/2019 - Emissionsbilanz erneuerbarer Energieträger, Bestimmung der vermiedenen Emissionen im Jahr 2018”, as of November 2019; France: Own calculation
701
Emissions avoided attributable to the bonds (tCO₂eq)
174,381
2019 green subordinated bonds
695,260
Project category
Onshore wind locations in Germany
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures



233.3
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds



142.4
Generation capacity attributable to the bonds (MW)0Rounded figures
143.9
2019 green subordinated bonds
48.3
Generated electricity attributable to the bonds (MWh) in 2020
709,579
CO₂ avoidance factor (gCO₂eq/kWh)0Source: Germany: Federal Environmental Agency publication “Climate Change 37/2019 - Emissionsbilanz erneuerbarer Energieträger, Bestimmung der vermiedenen Emissionen im Jahr 2018”, as of November 2019; France: Own calculation
693
Emissions avoided attributable to the bonds (tCO₂eq)
225,024
2019 green subordinated bonds
59,732
Project category
Onshore wind locations in Sweden
Generation capacity attributable to the bonds (MW)0Rounded figures
-
2019 green subordinated bonds
105.5
Generated electricity attributable to the bonds (MWh) in 2020
298,675
CO₂ avoidance factor (gCO₂eq/kWh)0Source: Germany: Federal Environmental Agency publication “Climate Change 37/2019 - Emissionsbilanz erneuerbarer Energieträger, Bestimmung der vermiedenen Emissionen im Jahr 2018”, as of November 2019; France: Own calculation
-0No calculation of avoided emissions. In Sweden, the energy generated from renewables and low-CO₂ generation (nuclear energy) is at over 90%. It is assumed that additional renewables do not contribute to additional CO₂ avoidance.; Source: International Energy Agency - Energy Policies of IEA countries - Sweden 2019 Review
Emissions avoided attributable to the bonds (tCO₂eq)
-
2019 green subordinated bonds
-
Project category
Solar (PV) locations in Germany
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
27.6
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
14.3
Generation capacity attributable to the bonds (MW)0Rounded figures
37.8
2019 green subordinated bonds
23.7
Generated electricity attributable to the bonds (MWh) in 2020
66,341
CO₂ avoidance factor (gCO₂eq/kWh)0Source: Germany: Federal Environmental Agency publication “Climate Change 37/2019 - Emissionsbilanz erneuerbarer Energieträger, Bestimmung der vermiedenen Emissionen im Jahr 2018”, as of November 2019; France: Own calculation
627
Emissions avoided attributable to the bonds (tCO₂eq)
25,238
2019 green subordinated bonds
16,357
Project category
Onshore wind locations in France
2020 green subordinated bond



494,8
2020 green subordinated bond
188.8
Generated electricity attributable to the bonds (MWh) in 2020
425,614
CO₂ avoidance factor (gCO₂eq/kWh)0Source: Germany: Federal Environmental Agency publication “Climate Change 37/2019 - Emissionsbilanz erneuerbarer Energieträger, Bestimmung der vermiedenen Emissionen im Jahr 2018”, as of November 2019; France: Own calculation
56
2020 green subordinated bond
23,834
Project category
Solar (PV) locations in France
2020 green subordinated bond
45.1
Generated electricity attributable to the bonds (MWh) in 2020
61,199
CO₂ avoidance factor (gCO₂eq/kWh)0Source: Germany: Federal Environmental Agency publication “Climate Change 37/2019 - Emissionsbilanz erneuerbarer Energieträger, Bestimmung der vermiedenen Emissionen im Jahr 2018”, as of November 2019; France: Own calculation
19
2020 green subordinated bond
1,163
Project category
Total
Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
488.4
2019 green subordinated bonds0Allocation of funds differs from prior-year figure due to the final allocation of unallocated proceeds
996.5
2020 green subordinated bond
494,8
Generation capacity attributable to the bonds (MW)0Rounded figures
250.0
2019 green subordinated bonds
429.1
2020 green subordinated bond
233.9
Generated electricity attributable to the bonds (MWh) in 2020
2.503,303
Emissions avoided attributable to the bonds (tCO₂eq)
424,642
2019 green subordinated bonds
771,350
2020 green subordinated bond
24,997

As of 31 December 2020

Project category
Capital expenditure attributable to the bonds (€m)0Rounded figures
Locations
Number of charges in 2019
Capital expenditure attributable to the bonds (€m)0Rounded figures
2018 green senior bond
2019 green subordinated bonds
2019 green subordinated bonds
Project category
Expansion of fast charging infrastructure in Germany
Capital expenditure attributable to the bonds (€m)0Rounded figures
8.1
2019 green subordinated bonds
-
Locations
123 charging points at 89 locations on the German autobahn network
Number of charges in 2019
66,798

As of 31 December 2020

Further information available for download

Green Financing Framework

Sustainable Development Goals (SDGs)

Sustainable development goals
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