SSE plc, the Perth-based electricity infrastructure giant, said it successfully sold a new €600 million 7-year green bond maturing on March 18, 2032, with a coupon of 3.5%.

“Today’s issuance is SSE’s ninth green bond in eight years and reaffirms its status as the largest UK corporate issuer of green bonds,” said SSE, the largest listed firm run from Scotland.

“This brings the total outstanding green bonds issued by SSE and its subsidiaries to £4.9bn. 

“The proceeds from today’s green bond will specifically help finance and/or refinance SSE Renewables projects currently under construction or recently completed.

“These include Yellow River, Viking and Seagreen wind farms, as well as the world’s largest offshore wind farm at Dogger Bank.”

SSE chief financial oficer Barry O’Regan said: “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.

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