Greenalia's $200M Boost: US Renewable Energy Expansion Accelerates

Feb 19, 2024 01:34 PM ET
  • Greenalia secures $200 million for US renewable projects, accelerating shift towards sustainable energy sources. Nomura Securities International leads financing round, marking Greenalia's expansion in North America.

Spanish renewable project developer Greenalia SA has secured $200 million in financing for its 3-GW wind and solar PV portfolio in the US. This funding will accelerate the development of various renewable energy projects, signaling a significant shift towards sustainable energy sources in the country. Spearheaded by Nomura Securities International, this financing round marks Greenalia's first debt funding deal in the North American market, highlighting its expansion strategy in the US.

The funds, provided as three-year loans to Greenalia Power US Advanced II LLC, will support the development of solar, wind, and battery projects within Greenalia's 3-GW portfolio in the United States. This strategic financial move aims to cover project equipment acquisition and development costs, ensuring the company's growth efforts in the US market are well-supported. By securing this financing deal, Greenalia is not only establishing a strong financial foundation for its projects but also contributing to the broader shift towards sustainable energy sources in the US.

Overall, Greenalia's successful acquisition of $200 million in financing facilities represents a significant milestone for the company and the renewable energy sector in the US. With plans to utilize these funds for the development of its renewable energy projects, Greenalia is set to play a key role in shaping a greener, more sustainable future for energy generation in the country. This partnership with Nomura Securities International not only highlights the attractiveness of renewable energy investments but also underscores the collaborative efforts driving the transition towards sustainable energy solutions.

How will Greenalia's $200 million financing accelerate renewable energy projects in the US?

  • The $200 million financing secured by Greenalia will accelerate the development of various renewable energy projects in the US, including solar, wind, and battery projects within its 3-GW portfolio.
  • The funds will be provided as three-year loans to Greenalia Power US Advanced II LLC, covering project equipment acquisition and development costs to support the company's growth efforts in the US market.
  • This financing deal marks Greenalia's first debt funding deal in the North American market, signaling its expansion strategy and commitment to sustainable energy sources in the country.
  • By securing this funding, Greenalia is not only establishing a strong financial foundation for its projects but also contributing to the broader shift towards sustainable energy sources in the US.
  • The successful acquisition of $200 million in financing facilities represents a significant milestone for Greenalia and the renewable energy sector in the US, highlighting the company's role in shaping a greener, more sustainable future for energy generation in the country.
  • This partnership with Nomura Securities International underscores the collaborative efforts driving the transition towards sustainable energy solutions and the attractiveness of renewable energy investments in the US market.

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