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Nomura Securities International Leads $200MM in Credit Facilities for Greenalia

February 20, 2024, 07:00 AM
Filed Under: Energy

Greenalia, a leading Spanish developer of renewable power projects, 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 is a subsidiary of Greenalia that acquires, develops, constructs and operates utility-scale solar, wind and energy storage projects in the U.S.

Nomura Securities International led the financing and acted as Sole Underwriter, Lead Arranger and Bookrunner of the Facilities. PEI Global Partners served as Exclusive Financial Advisor to the Company. Holland & Knight acted as Borrower’s Counsel. Norton Rose Fulbright acted as Lenders’ Counsel.

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 operation represents an important milestone for the company’s US expansion, where we are currently developing a 3GW portfolio diversified through projects in three technologies -solar, wind and batteries. We want to thank Nomura for the trust and confidence on Greenalia project and all PEI team for the exceptional support and advice”, said Antonio Fernández-Montells, CFO of Greenalia S.A.

“We are excited to partner with Greenalia and believe this partnership will help unlock the full potential of Greenalia’s impressive renewable energy project development platform in the US. This financing is emblematic of our strategy of providing customized financing to leading renewable power generation assets and transition-enabling infrastructure,” said Vinod Mukani, Head of Nomura Infrastructure & Power Business (IPB).

“This transaction represents a remarkable milestone for Greenalia. This innovative financing will enable Greenalia to scale up their US business across multiple technologies. As a market leader in providing financing solutions to developers within the renewable and energy space, we are thrilled to support Greenalia’s global growth strategy within the energy transition,” said Alain Halimi, Managing Director of Nomura’s IPB.

“We are excited to support Greenalia in expanding their operations within the U.S. Our innovative pre-NTP capital solution is designed to meet Greenalia’s development capital needs across an extensive range of projects and technologies including Letters of Credit, equipment costs and other development expenses. 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).

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