Grenergy Renovables SA: registered the first Green Notes program in Spain for 100 million euros

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It is the first Spanish company to launch a promissory note program

in a financing framework based on the green bond and green loan principles

With this rating, Grenergy strengthens its financial position

Structure and Environment Financial Structure and Environmental Commitment

Grenergy register

the first green notes program in Spain for 100 million euros

Madrid, September 16, 2021 –Grenergy, the renewable energy producer and specialist in the development, construction and management of photovoltaic and wind projects, has registered in the Spanish Alternative Fixed Income Market (MARF) the first Green Notes program from a Spanish company with a maximum outstanding balance of 100 million euros.

As the company announced today to the supervisory authority, Bankinter, SA, counts as lead arranger, dealer and payment agent; and with Bestinver Sociedad de Valores, SA and Banco Sabadell, SA as dealers.

Grenergy is the first Spanish company – and also one of the first in the world – to issue a Green Notes program in a funding framework based on the International Capital Market Association (ICMA) Green Bond Principles 2021 and the Green Loan Principles 2021 of Credit is aligned with the market association (LMA).

This financing optimizes the company’s financial structure, improves its positioning in the bond markets and achieves significantly lower costs of capital than conventional bank bonds.

Sustainalytics rates the green rating of the grade program

The leading testing agency for green, social and sustainable bonds, Sustainalytics, has already anticipated in a report the positive effects of using these funds on the environment and assessed the credibility of Grenergy’s green funding framework and its alignment with international standards, considering that the listed company “has suitable measures to identify, manage and reduce the environmental and social risks in connection with projects in the field of renewable energies”.

With the registration of this new transaction, which takes place in addition to the issuance of the first green bond program in the history of MARF in 2019, Grenergy is strengthening its leadership position in the field of sustainable finance.

According to David Ruiz de Andrés, CEO of Grenergy, “This transaction will allow us to finance ourselves at a reduced cost of capital, which will improve the company’s competitiveness and once again lead us to be a green finance leader in the Spanish capital market.”

About Grenergy Renovables

Grenergy Renovables is a Spanish company founded in 2007, an independent producer of energy from renewable sources, mainly wind and photovoltaics, listed on the Continuous Market since 2019. His business model covers all phases of the project, from development to construction and financial structuring to the operation and maintenance of the plants. The company has a global pipeline of more than 6 GW in various stages of development in the eight countries in which it operates in the European market (Spain, Italy and the UK) and Latin America (Chile, Peru, Mexico, Argentina and Colombia). .

Grenergy Renovables Daniel Lozano [email protected] Tlf. +0034 917 08 19 70 www.grenergy.eu

Additional Information:

Ion, Imagen y Comunicación Carolina Morales / Jennifer Correas [email protected] [email protected] Tlf. +0034 915 76 07 70 www.ioncomunicacion.es

Disclaimer of liability

Grenergy Renovables SA published this content on September 16, 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unchanged, on September 16, 2021 12:11:09 UTC.


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