• SSE successfully raised €600m through its latest green bond, maturing in March 2032.
• Proceeds will fund major renewable projects, including the world’s largest offshore wind farm.
• Investor demand significantly exceeded expectations, with the bond three times oversubscribed.

SSE plc, the UK’s largest corporate issuer of green bonds, has successfully issued a €600m, seven-year green bond with a coupon of 3.5%, maturing on 18 March 2032.

This marks SSE’s ninth green bond in eight years, bringing total outstanding green bonds issued by the company and its subsidiaries to £4.9bn.

Proceeds from the issuance will directly finance or refinance high-profile renewable energy projects, notably the Yellow River, Viking, and Seagreen wind farms, along with the groundbreaking Dogger Bank offshore wind farm—the largest globally.

RELATED ARTICLE: Nedbank, Norfund Invest $31 Million in Renewable Energy Firm Pele Energy

Barry O’Regan, SSE’s Chief Financial Officer, stated:

“SSE is at the heart of the clean energy transition and our renewables business is growing as it delivers nationally important investments which will make a significant contribution to meeting UK renewables deployment and climate targets.”

Investor interest was exceptionally strong, highlighting robust market confidence in SSE’s green strategy:

“This bond was well received and 3 times oversubscribed, offering yet another attractive SSE proposition to investors looking to channel finance into green infrastructure.”

SSE Renewables’s capacity auction results

In addition, SSE Renewables secured provisional agreements for around 63MW of de-rated capacity which included two units at its joint venture Seagreen Offshore Wind Farm for the same 2025/26 delivery year. SSE will have a 49% share of earnings based on its equity stake in the asset^.  

The provisional results are subject to confirmation by the Secretary of State for Energy Security and Net Zero.

Follow ESG News on LinkedIn