GERMANY - The projects financed by the green bond will support the operator's 100% by 2032 goal.

Renews.biz has announced that German transmission system operator 50Hertz has been issued a second green bond worth €750 million ($748 million) which will permit the further grid expansion necessary for the energy transition.

The bond should finance selected projects on and offshore, which should significantly increase the integration and transportation capacities for renewable energies in 50Hertz' system.

50Hertz said that the investors mainly come from the UK, Germany, France and the Benelux countries.

According to renews.biz, the projects financed by the green bond will also support the operator's 100% by 2032 goal, which seeks to cover the average entire consumption of power in our grid area within a year by 2032 with 100% renewable energies on a calculated basis.

Source: renews.biz