Universal Registration Document 2021

6. Financial statements

The Eligible Projects selected by Luminus for financing as at 31 December 2021 as part of the January 2017 Green Bond issue (GB4) and September 2020 (GB5) issue can be broken down as follows:

Projects Type and Capacity Location Year come into service Green Bond Financing
Geel-West

Geel-West

Type and Capacity

Onshore wind,

11 MW

Geel-West

Location

Belgium

Geel-West

Year come into service

In service

Geel-West

Green Bond Financing

GB4

Villers 4

Villers 4

Type and Capacity

Onshore wind, 45 MW

Villers 4

Location

Belgium

Villers 4

Year come into service

In service

Villers 4

Green Bond Financing

GB4

Turnhout

Turnhout

Type and Capacity

Onshore wind, 12 MW

Turnhout

Location

Belgium

Turnhout

Year come into service

In service

Turnhout

Green Bond Financing

GB4

Monsin

Monsin

Type and Capacity

Hydropower, 18 MW

Monsin

Location

Belgium

Monsin

Year come into service

In service

Monsin

Green Bond Financing

GB4

Tinlot

Tinlot

Type and Capacity

Onshore wind, 10 MW

Tinlot

Location

Belgium

Tinlot

Year come into service

In service

Tinlot

Green Bond Financing

GB5

Lommel

Lommel

Type and Capacity

Onshore wind,

17 MW

Lommel

Location

Belgium

Lommel

Year come into service

In service

Lommel

Green Bond Financing

GB5

The Eligible Projects selected by EDF ENR for financing as at 31 December 2021 as art of the Green Bond issue in September 2020 (GB5) can be broken down as follows:

Projects Type and Capacity Location Year come into service Green Bond Financing
ITER

ITER

Type and Capacity

PV shade,

2 MW

ITER

Location

France

ITER

Year come into service

In service

ITER

Green Bond Financing

GB5

Bugey RTE

Bugey RTE

Type and Capacity

PV shade,

4 MW

Bugey RTE

Location

France

Bugey RTE

Year come into service

In service

Bugey RTE

Green Bond Financing

GB5

The Eligible Projects selected by EDF Hydro (excluding biodiversity projects which are detailed below) for financing as at 31 December 2021 as part of the Green Bond issue in October 2016, January 2017 and September 2020 can be broken down as follows:

Projets Number of operations by type Capacity in question (GW) Amounts (in million of euros)
Renovation and heavy maintenance

Renovation and heavy maintenance

Number of operations by type

586

Renovation and heavy maintenance

Capacity in question (GW)

9.6

Renovation and heavy maintenance

Amounts (in million of euros)

342

Modernisation and automation

Modernisation and automation

Number of operations by type

309

Modernisation and automation

Capacity in question (GW)

15.9

Modernisation and automation

Amounts (in million of euros)

80

Development of existing structures

Development of existing structures

Number of operations by type

33

Development of existing structures

Capacity in question (GW)

1.2

Development of existing structures

Amounts (in million of euros)

277

TOTAL (EXCL. DUPLICATION) TOTAL (EXCL. DUPLICATION)Number of operations by type928 TOTAL (EXCL. DUPLICATION)Capacity in question (GW)17.1 TOTAL (EXCL. DUPLICATION)Amounts (in million of euros)699
Impact of financed Eligible Projects

The table below shows three main impacts associated with the renewable energy projects that received Green Bond financing:

  • the electricity generation capacity built under each project;
  • the additional electricity generation expected from each project;
  • the estimated CO2 emissions avoided as a result of injecting this additional electricity generation into the electricity grid.

These impacts are presented in aggregate: gross data correspond to the aggregate impact of every project that received financing from the Green Bond in question; while the net values correspond to the sum total of the impact of each Eligible Project weighted by the share of project investment amount financed by the Green Bond in question.

    Total capacity of projects financed
at 31 December 2021
(in MW)
Expected output (in TWh/year) Estimated CO2 emissions avoided
(in Mt/year)
    Gross (1) Net (2) Gross (1) Net (2) Gross (1) Net (2)
Green Bond n° 1 – november 2013   1,529 976 6.0 4.1 2.21 1.55
Green Bond n° 2 – october 2015   1,107 815 4.6 3.3 2.53 1.83
Green Bond n° 3 – october 2016 EDF Renewables 1,450 962 5.3 3.5 2.42 1.61
  EDF Hydro 903 903 0.2 (3) 0.2 (3) 0.01 (3) 0.01 (3)
Green Bond n° 4 – janvuary 2017 EDF Renewables + Luminus 137 86 0.4 0.26 0.17 0.12
  EDF Hydro + Luminus 142 133 0.1 0.05 0.01 0.01
Green Bond n ° 5 – september 2020 EDF Renewables + EDF ENR + Luminus 1,762 1,412 4.7 (4) 3.6 (4) 1.86 (4) 1.35 (4)
  EDF Hydro 123 123 0.03 0.03 0.001 0.001
TOTAL   7,135 5,410 21.33 15.04 9.21 6.48

(1) Sum of the gross impacts of each project that received Green Bond financing.

(2) Sum of the impacts of each project weighted by the project investment amount financed by the Green Bond in question.

(3) Only related to the expected additional generation resulting from development investments, including half of the expected additional generation of the Romanche-Gavet project.

(4) Not including acquisitions.