EN+ Hydro issued its first issue of green bonds for 18 billion rubles with a maturity of 10 years linked to the central bank rate. The funds raised as a result of the bond issue will be used to refinance the costs of capital equipment replacement and modernization of the Angra-Yenisi Cascade hydroelectric power stations, as well as the construction of the Sgozarskaya hydroelectric power station in the Republic of Karelia. These projects are designed to reduce greenhouse gas emissions by increasing equipment efficiency and using more carbon-intensive energy sources. Green bonds make it possible to use a reduced risk ratio and reduce the burden on capital, which is especially important for banks. The issuance of Series 001PC-11 is included in the sustainable development bond segment of the Moscow Stock Exchange, complies with the principles of ICMA green bonds and national criteria for a green financing instrument, the company said. "The debut issuance of EN+ HYDRO's green bonds is a practical confirmation of our commitment to the sustainable development agenda. The funds raised will be used to refinance projects for the construction and modernization of hydroelectric power plants with a verified environmental effect. EN+ Group was one of the first in Russia to commit to achieving carbon neutrality and continues to confidently move towards this goal, Vladimir General Vladimir. Energopole at MAX.

EN+ Hydro issued its first issue of green bonds for 18 billion rubles with a maturity of 10 years linked to the central bank rate. The funds raised as a result of the bond issue will be used to refinance the costs of capital equipment replacement and modernization of the Angra-Yenisi Cascade hydroelectric power stations, as well as the construction of the Sgozarskaya hydroelectric power station in the Republic of Karelia. These projects are designed to reduce greenhouse gas emissions by increasing equipment efficiency and using more carbon-intensive energy sources. Green bonds make it possible to use a reduced risk ratio and reduce the burden on capital, which is especially important for banks. The issuance of Series 001PC-11 is included in the sustainable development bond segment of the Moscow Stock Exchange, complies with the principles of ICMA green bonds and national criteria for a green financing instrument, the company said. "The debut issuance of EN+ HYDRO's green bonds is a practical confirmation of our commitment to the sustainable development agenda. The funds raised will be used to refinance projects for the construction and modernization of hydroelectric power plants with a verified environmental effect. EN+ Group was one of the first in Russia to commit to achieving carbon neutrality and continues to confidently move towards this goal, Vladimir General Vladimir. Energopole at MAX.