Greenalia: €97M Boost from Macquarie Asset Management
Deal News | Feb 06, 2025 | Finance Community ES 2 - Corporate M&A
Macquarie Asset Management has extended €97 million in debt financing to Greenalia Power Spain, an independent renewable energy producer. Greenalia, with current operations and projects spread across Spain, Portugal, and the United States, manages a portfolio of approximately 15.5 GW in renewable energy projects. This infusion of capital will help enhance ongoing operations, support the construction of key sites, and accelerate the development of Greenalia’s extensive project pipeline. This transaction comes at a time when Spain is focusing on energy security and increasing its renewable electricity share to 81% by 2030 as part of its National Energy and Climate Plan. Greenalia was advised by Astris Finance in this transaction.
Sectors
- Renewable Energy
- Financial Services
Geography
- Spain – Greenalia operates primarily in Spain and the investment targets their Spanish renewable energy project portfolio.
- Portugal – Greenalia has renewable energy operations in Portugal, expanding their portfolio beyond Spain.
- United States – Greenalia operates projects in the United States, marking this geography as relevant.
Industry
- Renewable Energy – Greenalia is involved in developing and operating renewable energy projects, making 'Renewable Energy' a key industry classification.
- Financial Services – Macquarie Asset Management provides the debt financing, highlighting the role of financial services.
Financials
- €97 million – Debt financing amount provided by Macquarie Asset Management to Greenalia.
- 15.5 GW – The size of the renewable energy project portfolio managed by Greenalia.
- €205,000 million – Assets under management by Macquarie Asset Management.
- €35,000 million – Private credit assets managed by Macquarie Asset Management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Greenalia Power Spain | Borrower/Target Company | Company | An independent renewable energy producer seeking financing to expand its operations. |
| Macquarie Asset Management | Lender/Financing Provider | Company | A financial services company providing €97 million in debt financing to Greenalia. |
| Astris Finance | Financial Advisor | Company | Advised Greenalia in securing the financing arrangement. |
| Manuel Garcia | CEO of Greenalia | Person | Provided statements regarding the strategic importance of the funding. |
| Gurjit Orjela | Senior Vice President of Macquarie Asset Management | Person | Commented on the financial support and future outlook for Greenalia. |