Spanish renewable energy developer, Greenalia SA, has secured approximately USD 200 million (EUR 185.6m) in financing facilities to support the advancement of its 3-GW wind and solar photovoltaic (PV) portfolio in the United States.
The financing, provided in the form of three-year loans, will be utilized by Greenalia's subsidiary, Greenalia Power US Advanced II LLC, for the development and construction expenses associated with the company's US projects, as announced by the parent company on Friday.
See also: Valmet and Greenalia sign service agreement to improve performance of biomass plant in Spain
“This operation represents an important milestone for the company's US expansion, where we are currently developing a 3-GW portfolio diversified through projects in three technologies – solar, wind, and batteries,” stated Antonio Fernandez-Montells, CFO of Greenalia.
Nomura Securities International spearheaded the financing round, acting as the sole underwriter and bookrunner. Notably, this marks Greenalia's inaugural debt funding deal in the North American market, signifying a significant step in its strategic expansion efforts.
