Kenta Capital Advises Greenalia on the Debt Refinancing of Its Curtis-Teixeiro Biomass Plant

Kenta Capital, the debt advisory firm specialising in alternative financing solutions, has acted as financial advisor to Greenalia on the structuring and closing of the €145 million project finance refinancing of its Curtis-Teixeiro biomass power plant in A Coruña, Spain.

Greenalia is a Spanish renewable energy group focused on the development, construction and operation of renewable energy assets. In this transaction, the financing was fully underwritten by Natixis and will optimise the capital structure of one of Spain's leading biomass assets.

The Curtis-Teixeiro plant, which has been operational since 2020, generated 375 GWh during fiscal year 2025, equivalent to 7,500 net export hours, reinforcing its position as one of the benchmark biomass facilities in the Spanish market.

Kenta Capital advised Greenalia throughout the transaction, providing financial advisory services on the structuring of the refinancing as well as support during the execution and successful closing of the financing.

Álvaro Bergasa, CEO and Co-founder of Kenta Capital, commented: "We are delighted to have supported Greenalia in this strategic transaction involving one of the most significant biomass assets in the Spanish market. The deal also highlights the added value of our distribution platform, which enables us to attract and coordinate multiple financial institutions, ensuring efficient execution and access to diversified sources of financing."

The transaction further strengthens Kenta Capital's track record in the energy and infrastructure sectors, where the firm continues to expand its activity and leverage its extensive expertise in structuring financing solutions tailored to the specific needs of each project.

Legal counsel for the transaction was provided by Cuatrecasas for Greenalia, Watson Farley & Williams for the lending institutions, and G-Advisory acted as technical advisor.

About Kenta Capital

Kenta Capital is an independent investment banking firm specialising in debt advisory, with a team of more than 60 professionals. Its activities are organised across three complementary business lines:

Structured Finance: Advises financial institutions on syndicated loans, project finance, leveraged finance and real estate financing transactions.
Debt Advisory: Provides comprehensive advice to corporates on sourcing, structuring and optimising financing solutions from both financial institutions and institutional investors. The practice covers short- and long-term financing, on- and off-balance-sheet structures, across both public and private markets. Kenta Capital has dedicated teams covering Large Corporates, Middle Market & Private Equity, Real Estate and Public Markets. The firm also provides independent advice on interest rate and foreign exchange hedging, and structures tax-efficient financing solutions for sectors including audiovisual and cultural production, R&D&I projects, and shipbuilding.
Asset Management: Kenta Capital structures and advises investment funds focused on niche debt strategies. It currently advises the Kenta Capital Corporate Commercial Paper Fund, which invests in corporate commercial paper with the objective of outperforming market benchmarks while optimising investors' structural liquidity. The firm also advises the Kenta Capital Basque and Navarre SMEs Fund, aimed at supporting industrial growth in the Basque Country and Navarre.