Evergreen advises Grenergy on €250M green bond programme

Evergreen Legal has advised Grenergy Renovables on the launch of a green bond programme on the Mercado Alternativo de Renta Fija (MARF) for a maximum amount of up to €250 million.

The transaction strengthens Grenergy’s sustainable financing strategy and the diversification of its funding sources. Grenergy is a Spanish company specialising in the development, construction and operation of renewable energy projects, primarily solar and wind.

This new programme complements the bond programme launched in 2022 and forms part of an ongoing advisory relationship, under which Evergreen Legal has supported the company in its bond issuances and commercial paper programmes since then.

The transaction involved Banca March and Andbank as coordinating and placing entities, together with Banco Finantia, while Banca March acted as paying agent.

Evergreen Legal’s team was led by Alberto Campo, partner and head of banking & finance, together with Pablo Alarcón, senior associate in the practice, both pictured form left to right.