Evergreen Legal has advised Grenergy Renovables on the launch of a green bond programme on the Alternative Fixed Income Market (MARF) for a maximum amount of up to €250 million.
The transaction reinforces Grenergy’s sustainable financing strategy and diversification of funding sources. Grenergy is a Spanish company specialized 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, in which Evergreen Legal has supported the company in its bond issuances and commercial paper programmes since then.
The programme is structured under a financing framework aligned with leading international sustainable finance standards, including the 2021 Green Loan Principles of the Loan Market Association (LMA) and the 2021 Green Bond Principles of the International Capital Market Association (ICMA).
The transaction involved Banca March and Andbank as coordinators and placement agents, together with Banco Finantia, while Banca March acted as paying agent.
Evergreen Legal advised Grenergy throughout all stages of the process, including the structuring, documentation, and execution of the programme, leveraging its expertise in sustainable finance and capital markets. The team was led by Alberto Campo, partner and head of Banking & Finance, together with Pablo Alarcón, senior associate in the department.
This transaction further strengthens Evergreen Legal’s positioning in sustainable finance and capital markets, as well as its ability to support companies in the energy sector in structures aligned with the highest ESG standards.
About Evergreen Legal
Evergreen Legal is a firm specialized in providing comprehensive advice on complex transactions, with a particular focus on real estate transactions, M&A, and tax, supporting investors, asset managers, and developers in high-value strategic projects
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