Poland's Tauron to issue green bonds as it buys 190MW wind farm project
Sept 19 (Reuters) -Poland's power utility Tauron TPE.WA will issue green bonds worth up to three billion zlotys ($783 million) after it acquired a 190 megawatt wind farm project, one of the biggest in Poland, the company said on Thursday.
The green bond programme will help to finance the company's energy transition. It intends to issue the first bonds within three months of signing agreements with Poland's Pekao, PKO BP, and Santander Polska banks.
The total capital expenditure on the acquisition of the Finadvice Polska 1 SPV from VSB Green Yield One and the development of the project could reach up to about 1.9 billion zlotys, said the company in a statement.
The acquisition is a significant step in the execution of the group's 2022-2030 strategy, it added.
($1 = 3.8337 zlotys)
Reporting by Tymon Miller; Editing by Kirsten Donovan
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