Greenalia Secures $200 mn Financing for U.S. Renewable Energy Projects

By Editor


Greenalia, a developer of renewable power projects, has announced the closure of $200 million in three-year credit facilities aimed at bolstering the development of its solar and wind project pipeline in the United States.

The financing, facilitated through Greenalia Power US Advanced II, LLC (Greenalia US), a subsidiary of Greenalia specializing in utility-scale solar, wind, and energy storage projects in the U.S., marks the company’s foray into the North American market.

Nomura Securities International spearheaded the financing initiative, serving as the Sole Underwriter, Lead Arranger, and Bookrunner of the facilities. PEI Global Partners provided exclusive financial advisory services to Greenalia. Legal counsel was provided by Holland & Knight for the Borrower and Norton Rose Fulbright for the Lenders.

This financing venture underscores Greenalia’s rapid expansion trajectory in the United States, signifying a milestone in the company’s growth strategy. The proceeds from the credit facilities will be instrumental in facilitating Greenalia US’s acquisition, development, construction, and operation of utility-scale renewable energy projects, thereby expediting the advancement of its project portfolio.

Antonio Fernandez-Montells, CFO of Greenalia S.A., hailed the financing initiative as a pivotal moment in the company’s U.S. expansion journey, emphasizing the strategic importance of diversifying its portfolio across solar, wind, and energy storage technologies.

Vinod Mukani, Head of Nomura Infrastructure & Power Business, lauded the partnership with Greenalia, expressing confidence in the transformative potential of the collaboration in unlocking the full spectrum of Greenalia’s renewable energy project development capabilities in the U.S.

Alain Halimi, Managing Director of Nomura’s Infrastructure & Power Business, echoed Mukani’s sentiments, emphasizing the significance of the financing transaction in enabling Greenalia to expand its U.S. operations across diverse renewable energy technologies.

Schuyler Fabian, Partner at PEI Global Partners, underscored the innovative nature of the financing arrangement, designed to address Greenalia’s development capital requirements across a broad spectrum of projects and technologies.

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