It was appropriate that Ørsted chose World Ocean Day to become the first energy company to pursue ‘blue’ financing. On June 8, the Danish renewable energy firm issued a five-year €100m blue bond in a private placement. The proceeds of the 3.625% fixed-rate bond will finance initiatives that protect and restore marine and coastal biodiversity alongside sustainable shipping.
The origins of the company go back to the oil crisis of 1973 when the Danish government formed an oil and gas company, known as DONG Energy. In 2017 the company changed its name to Ørsted, after the physicist who discovered electromagnetism, because it pivoted to green energy.
