1、rsted Green bond investor letter 2019 January 2020 2 2 Lets create a world that runs entirely on green energy 3 4 Highlights Executive summary 6 Financing green matters 8 Offshore wind 9 Project overview 10 Allocated proceeds Total amounts allocated by bond Bond allocations by project 12 Avoided emi

2、ssions and people powered 13 Green financing governance 14 Project deep-dives Hornsea 1 Changhua 1 much bigger and further from shore than ever seen before”. Covering an area of 407 square kilometres, Hornsea 1 is located 120 km from the Yorkshire coast, the furthest from shore an offshore wind farm

3、 has ever been built. The first turbine was installed in February 2019 and nine months later, in November, all 174 turbines had been successfully installed. The 190-meter-tall turbines, with each individual blade stretching 75 metres in length, takes up to 12 hours of precision working to install. W

4、hen commissioned, each turbine produces enough electricity to be able to individually power a UK home for over one day with a single rotation. “This flagship project demonstrates globally that large- scale renewable electricity generation that competitively replaces fossil fuel generation is not onl

5、y possible, its here already”, said Duncan Clark. He went on to add: “Hornsea 1 represents a significant milestone in the global fight against climate change, paving the way for other large-scale offshore wind projects, and bringing us one step closer to our vision of a world that runs entirely on g

6、reen energy.” The electricity generated by the turbines will pass via undersea cables through one of three massive offshore substations, and the worlds first offshore reactive compensation station, all fully installed, before reaching shore at Horseshoe Point, Lincolnshire. The electricity is then t

7、ransported via underground cables to the onshore substation in North Killingholme, where it connects to the UK National Grid, in order to reach well over one million homes in the UK. Hornsea 1 is a 50/50 joint venture between rsted A/S and Global Infrastructure Partners (GIP). 14 Project deep-dives

8、190m Siemens Gamesa 7MW wind turbine 94m Grimsby Dock Tower 155m Humber Bridge concrete towers “ Hornsea 1 In November 2019, rsted completed a historic issuance of green bonds when we as the first foreign company ever issued green bonds in Taiwanese Dollars (NTD) equivalent to DKK 2.65 billion via t

9、he stock exchange in Taipei. The transactions followed rsteds green loan facility of 25bn NTD (DKK 5.5bn) which was established in June 2019. Both sources of financing will be directed towards investments in our Changhua 1 and to access the design of the processes and internal controls for managing,

10、 recording and reporting the Selected Information; and performed analytical review of the Selected Information, including the allocation of amounts as presented in the rsted Green bond investor letter 2019. Green bond investor letterContents 18 Appendix II Managements responsibility The Directors of

11、 rsted A/S are responsible for: designing, implementing and maintaining internal control over information relevant to the preparation of the Selected Information that is free from material misstatement, whether due to fraud or error; establishing objective criteria for preparing the Selected Informa

12、tion as described in the rsted Green finance framework; measuring and reporting the Selected information based on the rsted Green finance framework; and the content of the rsted Green bond investor letter 2019. Auditors responsibility We are responsible for: planning and performing the engagement to

13、 obtain limited assurance about whether the Selected Information is free from material misstatement, whether due to fraud or error; forming an independent conclusion, based on the procedures we have performed and the evidence we have obtained; and reporting our conclusion to the Board of Directors o

14、f rsted A/S and the green bond investors. This report, including our conclusions, has been prepared solely for the Board of Directors of rsted A/S and the green bond investors in accordance with the agreement between us, to assist the Board of Directors in reporting on rsteds green bonds. We permit

15、this report to be disclosed online at rsted A/S homepage in respect of the 2019 reporting year, to assist rsted A/S in responding to their governance responsibilities by obtaining an independent assurance report in connection with the Selected Information. Hellerup, 30 January 2020 PricewaterhouseCo

16、opers Statsautoriseret Revisionspartnerselskab CVR No 3377 1231 Lars Baungaard State Authorised Public Accountant Rasmus Friis Jrgensen State Authorised Public Accountant Sustainability ratings and memberships MSCI Sustainability ratings and memberships Memberships and alliances UN Global Compact pa

17、rticipant rsted ranked the most sustainable company in the world in Corporate Knights 2020 Global 100 index. 1st place A AAA 83 of 100 78 of 100 A B+ rsted awarded the highest possible rating by MSCI for three consecutive years. rsted awarded the highest possible rating and is recognised as a global

18、 leader on climate action. rsted awarded highest possible Leader status being in top 7 among 188 utilities and no. 1 among direct market cap peers. rsted in top 2% of companies in the industry and awarded a gold label for being among the top performers assessed by EcoVadis. rsted awarded the highest

19、 possible rating in the GRESB Infrastructure Public Disclosure Assessment. rsted placed as no. 1 among all utilities and awarded Prime status. Rating agenciesElaboration and benchmarkScore Member of the action platform Sustainable Ocean Business. Through this, we aim to contribute to ensuring that a

20、n accelerated use of ocean- based solutions takes place sustainably to meet the ambitions of the Paris Agreement and the UN SDGs. Member of the action platform Pathways to Low-Carbon and Resilient Development. Through this, we aim to serve as a catalyst for enhancing action to meet the ambitions of the Paris Agreement and the UN SDGs. Contents rsted rsted A/S Nesa All 1 2820 Gentofte Denmark