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GREENALIA REGISTERS A 100 MILLION EUROS GREEN PROMISSORY NOTES PROGRAM IN THE SPANISH ALTERNATIVE FIXED INCOME MARKET

  • With this program, the company consolidates its position as a pioneer SME in green finance, having rated all of its issued bonds green

Greenalia, the renewable energy producer, has registered a 100 million euros package of green promissory notes in MARF (Alternative Fixed Income Market), with a one year maturity, starting in January 2022. The company has made public through the corresponding relevant event published by BME Growth, that Banco Santander acted as the transaction coordinator and lead arranger and jointly with Banca March as transaction dealers.

With this transaction, the second green promissory note program in the Spanish market, Greenalia advances on the green financing path, consolidating its position as a pioneer SME in this type of green financial sourcing, a framework in which it has issued four bonds, the last one being a 55 million euros one in December 2020 in Spain, rated with the highest score by Standard &  Poor’s rating agency. The previous three were operated in Luxembourg.

Greenalia continues its business development and financial closing, operating within the framework of Green Bond principles promoted by the International Capital  Market  Association (ICMA) and the  Loan Market Association (LMA), organizations that promote development of new ESG (environmental, social & governance) aligned financial practices, aimed at promoting green, environmentally and socially beneficial projects.  All this is also in a framework of increasing transparency and good corporate citizenship principles.

This corporate move is added to the 15 million euros capital increase made two weeks ago by the company. Both transactions are part of the expansion plan in which the Coruña company is immersed that includes a diversified and solid pipeline in five technologies (onshore and offshore wind, solar, storage and biomass) both in Spain and the USA.

Green Assessment

In line with its ESG Policy Book and its Good Governance Manual, Greenalia has submitted its green financing program to a third-party evaluation by Sustainalytics (Morningstar), a leading rating agency for green financing, which has considered that the company’s projects can contribute to the energy transition process in Spain. In this line, the report issued by this independent international agency ratifies that the company’s financial program “is robust, transparent and aligned with the company’s overall sustainability strategy, while contributing to the advancement of Sustainable Development Goal 7 of the United Nations, which includes access to affordable energy, safe, sustainable and modern for all.”

Closing higher in 2021

As the company shared in its financial results presentation, the year-end forecasts are positive, with an estimated Ebitda above 32 million euros, well above the 24 million contemplated for this year in the company’s Strategic Plan, which was presented at its debut in the Alternative Market in 2017.

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The person responsible for data treatment is Greenalia, S.A and the purpose of said treatment is to comply with the legal and internal obligations provided for in our regulatory compliance codes. The legitimation of the treatment is the fulfillment of a mission of public interest (Organic Law 1/2015) and the consent of the interested party. The conservation of the data provided in this Channel will be carried out in accordance with the legally established deadlines (and in any case never exceeding 3 months). For the execution of the service, the data provided in the channel will be managed by Marca Franca, SL, who guarantees and ensures the confidentiality, integrity and security of the channel, as well as is in charge of carrying out the appropriate anonymization tasks before transferring to those responsible for the Greenalia regulatory compliance bodies for their management and processing and, where appropriate, the adoption of the disciplinary and legal measures that may be appropriate.

The interested party and user of this channel may exercise their rights against the person in charge as stated in the additional information of the data protection policy or in the email lopd@greenalia.es . You can also contact the person in charge of the treatment Marca Franca, S.L for these purposes.

By using this channel, the user and interested party acknowledge that they are over 14 years old and that they have read and accept the treatment of the data provided in the indicated terms.

In case of providing data on behalf of a third party under 14 years of age or with legal incapacity, the user or interested party acknowledges and guarantees by means of a responsible declaration when using the channel that they have the necessary representation to carry it out (parental authority, guardianship or legal representation) and that it may justify it if required by Greenalia to legitimize its action.

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El responsable del tratamiento de los datos aportados y facilitados es Greenalia, S.A y la finalidad de dicho tratamiento es el cumplimiento de obligaciones legales e internas previstas en nuestros códigos de cumplimiento normativo. La legitimación del tratamiento es el cumplimiento de una misión de interés público (Ley Orgánica 1/2015) y el consentimiento del interesado. La conservación de los datos facilitados en este canal se llevará a cabo de acuerdo con los plazos establecidos legalmente (y en cualquier caso nunca superior a 3 meses). Para la ejecución del servicio los datos facilitados en el canal serán gestionados por Marca Franca, S.L, quien garantiza y asegura la confidencialidad, integridad y seguridad del canal, así como se encarga de llevar a cabo las labores de anonimización oportunas antes de dar traslado a los responsables de los órganos de cumplimiento normativo de Greenalia para su gestión y tramitación y en su caso la adopción de las medidas disciplinarias y legales que procedan en su caso.

El interesado y usuario de este canal podrá ejercer sus derechos frente al responsable según consta en la información adicional de la política de protección de datos o en el correo lopd@greenalia.es. Igualmente podrá dirigirse al encargado del tratamiento Marca Franca, S.L a estos efectos.

Al usar este canal el usuario e interesado reconoce que es mayor de 14 años y que ha leído y acepta el tratamiento de los datos facilitados en los términos señalados.

En caso de facilitar datos en nombre de un tercero menor de 14 años o con incapacidad jurídica, el usuario o interesado reconoce y garantiza mediante declaración responsable al hacer uso del canal que dispone de la representación necesaria para llevarlo a cabo (patria potestad, tutela o representación legal) y que podrá justificarla en caso de ser requerido por Greenalia para legitimar su actuación.

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