European Energy has successfully issued a new bond on NASDAQ worth EUR 100m. The bond was met with strong demand from investors and was fully subscribed within one day of the initial offering.
The new bond carries a variable 3-months EURIBOR interest rate with a margin of 3.75% .
The proceeds will fund European Energy’s expanding construction programme within solar, wind and more recently battery energy storage systems.
At the end of the first half of 2025, European Energy’s construction programme had increased by 41% compared to the same period in 2024. In H1 2025, the company had a total of 1,665 MW of solar, wind, and battery capacity under construction and a pipeline of more than 60 GW spanning 25 countries and six different technologies. This broad portfolio provides both geographical and technological diversification, strengthening the company’s position in a rapidly evolving energy market.
“With our growth strategy taking shape, we are ramping up our building programme significantly. This expansion, combined with our ambition to integrate battery solutions across our projects, requires additional financial capacity,” Jens-Peter Zink, Deputy CEO of European Energy told The Voice of Renewables.
“We also see many promising opportunities in our development pipeline. Strengthening our financing through this new bond enables us to act on more of these opportunities and support our long-term growth.”
Battery capacity is becoming an essential part of energy systems worldwide. European Energy aims to install 1 GWh of battery storage capacity across the Nordic region and the Baltics by 2027, while also deploying substantial storage capacity in the UK, Australia, and Poland.
The issuance of this new bond follows previous successful placements, demonstrating the continued confidence of investors in European Energy.
“We are very pleased with the strong interest from institutional investors in our new bond. It underlines European Energy’s solid track record and confirms that supporting the green transition is still relevant to the market,” says Flemming Jacobsen, Senior Vice President and Head of Corporate Finance.
