Greenalia closes financing to accelerate and consolidate renewables platform in Spain

Cuatrecasas has advised Greenalia Power Spain, S.L., (“Greenalia”) on closing a €97 million financing with asset manager Macquire Asset Management, to refinance debt and finance new renewable projects. Greenalia’s main activity is generating renewable energy in harmony with nature, through six technologies. These include onshore wind, offshore wind, solar, biomass, storage and hydrogen, providing employment and innovation in Europe and the US.

With this transaction, Greenalia obtains financial support to consolidate and accelerate the development and building process of its portfolio of renewable assets in Spain. This will help the company reach its goal of having 1 GW of operational projects in 2026.

The Cuatrecasas team advising on this transaction was made up of finance lawyers Agustín Cerdá, Mireia Martínez, Íñigo Várez, and Vidal-Joan Vicente. Agustín Cerdá said the following about the transaction: “We are very pleased to have supported the Greenalia group on such a significant financing to achieve their objectives and consolidate their business plan. At Cuatrecasas, we continue to work closely with our clients, assisting them in these important transactions that contribute to Spain playing a fundamental part in the energy transition process toward renewable sources.”