Global renewable energy platform Matrix Renewables and Santander Corporate & Investment Banking successfully closed a €300 million corporate debt financing.
The financing will enable Matrix to expedite the growth of its platform by allocating funds towards construction of its advanced development portfolio in all of its existing markets, including Spain, US, Italy and Chile. Matrix (a leader in ESG practices) successfully secured this financing as Green and Sustainability-Linked, aligning it with the Green and Sustainability-Linked Loan Principles.
This facility is central for Matrix Renewables’ strategic goal of long-term growth, optimization of the equity deployed, and management of its renewable energy generation projects. And the financing also capitalizes on its existing advanced development portfolio comprising of 2.5GW out of the 14GW total portfolio across Matrix geographies.
Matrix was advised by Clifford Chance’s Madrid Office and Santander CIB was advised by Linklaters (also in Madrid) on the legal side and E&Y as Valuation Advisor and financial model auditor.
KEY QUOTES:
“This facility reinforces Matrix Renewables’ position as a leader in the renewable energy sector and accelerates the deployment of clean energy resources.”
- Luis Sabate, President of Matrix Renewables
“This achievement strengthens our standing in the sector and reaffirms the trust and confidence placed in us by Santander CIB. We are grateful to the committed team at Santander CIB for their partnership.”
- Nicolas Navas, CFO
“This financing allows the bank to advance in its aim of promoting the use of renewable energy by providing financing support, reinforcing Banco Santander’s commitment to sustainability and energy efficiency, and aligning with its goal of achieving a more efficient and responsible economy.”
- Benoît Felix, Global Head of Structured Finance at Santander CIB
