Macquarie Asset Management has announced a €97 million debt financing agreement with Greenalia Power Spain, an independent power producer dedicated to renewable energy. This funding will aid Greenalia's operations in Spain, Portugal, and the United States.
Greenalia oversees a portfolio of around 15.5 GW, including projects in various stages across onshore wind, offshore wind, solar, biomass, storage, and hydrogen technologies. The new financing is set to bolster Greenalia's Spanish renewables platform by enhancing ongoing operations and supporting construction at key sites.
Manuel García, CEO of Greenalia, stated: "The funds obtained with this financing will be used to accelerate and consolidate the deployment of the business plan in Spain which, together with our projects in operation and the projects currently under construction in the United States, will allow us to reach 1 GW of projects in operation in 2026."
Gurjit Orjela from Macquarie Asset Management expressed confidence in Greenalia's potential: "We believe Greenalia is well positioned for future success... We are delighted to provide this tailored financing solution which will support the next phase of the business’s growth through the continued build out of its development pipeline in Spain."
This deal aligns with Spain's efforts to enhance energy security and meet rising demands while pursuing decarbonization solutions. The country's updated National Energy and Climate Plan aims for renewable electricity to make up 81% of its power mix by 2030.
Macquarie Asset Management manages approximately €205 billion in assets globally. Clifford Chance Spain provided legal advice to Macquarie Asset Management during this transaction.