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Green Bond Impact Report 2021
  • EnBW Green Bond Impact Report
  • Impact Reporting
  • Allocation Reporting
  • Green Financing Framework
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    Allocation Reporting

    Proceeds from the four green bonds went into these project categories.

    Allocation report for:

    • Green Senior Bond issued in 2018 (XS1901055472),
    • Green Subordinated Bonds issued in 2019 (XS2035564975 & XS2035564629)
    • Green Subordinated Bond issued in 2021 (XS2381272207)
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    Out of the proceeds from the 2018 green senior bond issue, 49% was used for new build projects and 51% for refinancing projects already in operation. Of the proceeds from the 2019 Green Subordinated Bond issues, 87% was used for new build projects and 13% for refinancing projects already in operation. 84% of the proceeds from the 2021 green subordinated bond was used for new build projects and the remainder for refinancing existing projects.

    Overview of green bonds fund allocation

    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 Bonds
    2019 Green Subordinated Bonds
    2021 Green Subordinated Bond
    2021 Green Subordinated Bond
    Generation capacity attributable to the bonds (MW)
    2018 Green Senior Bond
    2019 Green Subordinated Bonds
    2019 Green Subordinated Bonds
    2021 Green Subordinated Bond
    2021 Green Subordinated Bond
    Project category
    OFFSHORE WIND
    Germany
    Project name
    Hohe See0Projects under construction or development at the time of bond issuance
    Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
    200.0
    2019 Green Subordinated Bonds
    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
    Albatros0Projects under construction or development at the time of bond issuance
    Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
    27.5
    2019 Green Subordinated Bonds
    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
    OFFSHORE WIND
    UK
    Project name
    Moran & Mona0Projects under construction or development at the time of bond issuance
    2021 Green Subordinated Bond
    269.8
    Installed capacity (MW)0Rounded figures
    1,500.0
    2021 Green Subordinated Bond
    1,500.0
    Project category
    Total offshore
    Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
    227.5
    2019 Green Subordinated Bonds
    839.8
    2021 Green Subordinated Bond
    269.8
    Installed capacity (MW)0Rounded figures
    2,139.5
    Generation capacity attributable to the bonds (MW)
    68.2
    2019 Green Subordinated Bonds
    251.5
    2021 Green Subordinated Bond
    1,500.0
    Project category
    ONSHORE WIND
    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 I0Projects under construction or development at the time of bond issuance
    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 name
    Oberramstadt
    Installed capacity (MW)0Rounded figures
    8.4
    2021 Green Subordinated Bond
    3.6
    Project name
    Hüttersdorf0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    6.6
    2021 Green Subordinated Bond
    2.9
    Project name
    Tantow0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    10.8
    2021 Green Subordinated Bond
    5.4
    Project name
    Königsbronn
    Installed capacity (MW)0Rounded figures
    3.5
    2021 Green Subordinated Bond
    1.5
    Project name
    Prötzel V
    Installed capacity (MW)0Rounded figures
    18.0
    2021 Green Subordinated Bond
    18.0
    Project name
    Obhausen
    Installed capacity (MW)0Rounded figures
    36.0
    2021 Green Subordinated Bond
    36.0
    Project name
    Krautheim
    Installed capacity (MW)0Rounded figures
    12.6
    2021 Green Subordinated Bond
    12.4
    Project category
    ONSHORE WIND
    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 name
    Rammarehemmet
    Installed capacity (MW)0Rounded figures
    12.6
    2021 Green Subordinated Bond
    12.6
    Project category
    Total onshore
    Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
    233.3
    2019 Green Subordinated Bonds
    142.4
    2021 Green Subordinated Bond
    83.1
    Installed capacity (MW)0Rounded figures
    479.0
    Generation capacity attributable to the bonds (MW)
    143.9
    2019 Green Subordinated Bonds
    153.8
    2021 Green Subordinated Bond
    92.4
    Project category
    SOLAR (PV)
    Germany
    Project name
    Braunsbach-Zottish.0Projects under construction or development at the time of bond issuance
    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
    Löffingen0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    2.7
    Generation capacity attributable to the bonds (MW)
    2.7
    Project name
    Ingoldingen0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    4.4
    Generation capacity attributable to the bonds (MW)
    2.4
    Project name
    Müssentin0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    9.3
    Generation capacity attributable to the bonds (MW)
    9.3
    Project name
    Torgau0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    4.9
    Generation capacity attributable to the bonds (MW)
    4.9
    Project name
    Riedlingen-Zwiefaltendorf0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    5.2
    Generation capacity attributable to the bonds (MW)
    2.2
    Project name
    Inzigkofen0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    7.5
    2019 Green Subordinated Bonds
    6.7
    Project name
    Leibertingen 20Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    5.0
    2019 Green Subordinated Bonds
    4.4
    Project name
    Birkenfeld0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    5.8
    2019 Green Subordinated Bonds
    5.8
    Project name
    Lindendorf0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    6.9
    2019 Green Subordinated Bonds
    6.9
    Project name
    Weesow-Willmersdorf0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    187.0
    2021 Green Subordinated Bond
    93.5
    Project name
    Alttrebbin0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    151.2
    2021 Green Subordinated Bond
    49.9
    Project name
    Gottesgabe0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    152.6
    2021 Green Subordinated Bond
    76.3
    Project name
    Maßbach0Projects under construction or development at the time of bond issuance
    Installed capacity (MW)0Rounded figures
    28.0
    2021 Green Subordinated Bond
    13.2
    Project category
    Total solar (PV)
    Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
    27.6
    2019 Green Subordinated Bonds
    14.3
    2021 Green Subordinated Bond
    132.9
    Installed capacity (MW)0Rounded figures
    588.2
    Generation capacity attributable to the bonds (MW)
    37.8
    2019 Green Subordinated Bonds
    23.7
    2021 Green Subordinated Bond
    232.9
    Project category
    Expansion of fast charging infrastructure
    Project name
    2018: 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 name
    2021: 450 charging points at 242 locations
    2021 Green Subordinated Bond
    12.5
    Project category
    Total
    Capital expenditure attributable to the bonds (€m, per category)0Rounded figures
    496.4
    2019 Green Subordinated Bonds
    996.5
    2021 Green Subordinated Bond
    498.3
    Installed capacity (MW)0Rounded figures
    3,206.7
    Generation capacity attributable to the bonds (MW)
    250.0
    2019 Green Subordinated Bonds
    429.1
    2021 Green Subordinated Bond
    1,825.4

    As of 31 December 2021

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    Allocation reporting
    • Green Subordinated Bond issued in 2020 (XS2196328608)

    Proceeds of this bond have been used to refinance the acquisition of Groupe Valeco in 2019. Groupe Valeco is a French project developer that builds and operates wind and PV projects
    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
    France
    Project name

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


    494.75
    Installed capacity (MW)0Rounded figures
    426.9
    Generation capacity attributable to the bonds (MW)0Rounded figures
    264.3
    Project category
    SOLAR (PV)
    France
    Installed capacity (MW)0Rounded figures
    89.0
    Generation capacity attributable to the bonds (MW)0Rounded figures
    78.4

    As of 31 December 2021

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