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The amount of energy produced by wind energy is expected to rise to 9,500 MW, up from just 1,800 MW five years ago, and the company is now offering greenbonds to help finance 4 billion in investments to help the country meet its net-zero targets by 2035. It is also one of the biggest green financiers globally.
Part of this revolution is the meteoritic growth of greenbonds, which were started in 2007 by the World Bank and the European Investment Bank. If growth was slow from the first greenbond issuance to 2012, things have accelerated since. Greenbonds are indeed often oversubscribed due to their success.
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