Arevon closes financing for 251-MW solar project in Indiana
Sep 17, 2024 16:39 CESTUS digital infrastructure company Equinix Inc (NASDAQ:EQIX) has raised USD 750 million (EUR 678.7m) by issuing green bonds to enhance the sustainability of its operations through initiatives such as green building development and renewable energy innovations.
The funds were raised in two completed offerings. Equinix first issued CHF-100-million (USD 117.6m/EUR 106.4m) principal amount of 1.5575% senior green notes due 2029 and then EUR-600-million (USD 663.0m) principal amount of 3.65% senior green notes due 2033. They are expected to bear coupons of 1.67% and 3.62%, respectively.
“Over the last five years, our green bonds have funded 172 green building projects across 105 sites, 33 energy efficiency projects and two power purchase agreement (PPA) projects,” Katrina Rymill, senior vice president for corporate finance and sustainability at Equinix, said in a statement on Wednesday.
Equinix, which maintained 96% renewable energy coverage across its portfolio last year, has so far raised about USD 5.6 billion through green bond issuances.
At the beginning of 2024, the US firm signed seven wind power offtake agreements in France with German renewables developer Wpd, supporting the construction of more than 100 MW of installed capacity.
(USD 1 = EUR 0.905)
(EUR 1 = USD 1.105)
(CHF 1 = USD 1.176/EUR 1.064)
Arevon closes financing for 251-MW solar project in Indiana
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