SSE Green Bond
SSE has followed up its inaugral €600m Green Bond in September 2017 with a second €650m Green Bond in September 2018 – making SSE the largest issuer of Green Bonds in the UK corporate sector. The proceeds from both SSE’s Green Bonds have been allocated to refinancing part of SSE’s £1.1bn portfolio of eligible projects of onshore wind farms in the UK and Ireland and the 1.2GW Caithness Moray High-Voltage Direct Current (HVDC) connection project.
These eligible projects are listed in SSE’s Green Bond Framework, which also sets out SSE’s Green Bond Principles. A commitment was given to update investors each year on the allocation of proceeds and environmental impact from the Bond. SSE’s Green Bond report 2018 is its first annual Green Bond update to investors on the 2017 Green Bond. The allocation to specific eligible green projects has been independently assured by PwC LLP.