Sweden installs 460 MW of solar in H1, down from 2023 boom
Sep 03, 2024 14:52 CESTSwedish home appliance manufacturer Electrolux plans to embark on a green bond programme that will enable it to invest in climate-related projects, including renewables.
The goal of the specific projects will be to lower the environmental impacts of the company's products and operations, it announced on Tuesday without providing specific details about the amount it will seek to raise.
Through the green bond framework, Electrolux will get financing for environmental schemes, which may include investment in initiatives that will lift the use of renewables generated power at its production sites, such as the installation of solar photovoltaic (PV) systems. Other investments may be focused on research and development (R&D) aimed at improving the energy or water efficiency of Electrolux appliances and the elimination of refrigerants with high greenhouse warming potential, the company said.
Last year, the Swedish group set science-based climate targets, aiming to lower the greenhouse gas emissions from its operations by 80% and emissions from its products by 25% by 2025.
"We're very pleased to complement our debt structure with loans that offer investors transparency around which projects they are funding as well as the environmental impact," said chief financial officer Therese Friberg, adding that the company hopes the framework will be "of particular interest to the market."
Sweden installs 460 MW of solar in H1, down from 2023 boom
Sep 03, 2024 14:52 CESTDeutsche Windtechnik wins turbines maintenance contract in Sweden
Sep 19, 2024 14:55 CESTArise to sell 40-MW BESS project in Sweden for up to EUR 4m
Sep 19, 2024 11:20 CESTCentrica to buy 100-MW-plus shovel-ready BESS projects in Sweden
Sep 16, 2024 14:29 CESTWeekly renewables M&A round-up (Sep 9-13)
Sep 13, 2024 17:19 CESTNorthvolt ditches plan for CAM giga-factory in Sweden, sells land
Sep 09, 2024 12:39 CEST