Greenalia Secures $200 Million of 3-Year Credit Facilities
NEW YORK, Feb. 16, 2024 /PRNewswire/ -- Greenalia S.A. (the "Company" or "Greenalia"), a leading Spanish developer of renewable power projects, today announced the close of $200 million of three-year credit facilities to support the development of its solar and wind project pipeline in the U.S. Greenalia Power US Advanced II, LLC ("Greenalia US" or the "Borrower") is a subsidiary of Greenalia that acquires, develops, constructs and operates utility-scale solar, wind and energy storage projects in the U.S.
- The Facilities are the first for Greenalia in the North American market and are a testament to Greenalia's rapid growth in the United States.
- Proceeds from the Facilities will enable Greenalia US to finance project equipment, as well as other development and construction expenses, helping to accelerate the development of its portfolio.
- This innovative financing will enable Greenalia to scale up their US business across multiple technologies.
- This tailored structure, combining both bank and private credit capital, is poised to significantly advance Greenalia's project pipeline in the coming years," said Schuyler Fabian, Partner at PEI Global Partners ("PEI").