- The amount obtained through a syndicated loan was revised upwards from 350 to 400 million euros due to high interest recorded.
- Two new institutions joined the banking syndicate, raising the total to eight international entities that participated in this financing operation.
- The 400 million euros will contribute to strengthening the balance sheet of the Greenvolt Group to accelerate the development of its pipeline of 9.3 GW in wind, solar, and battery projects in Utility Scale.
Greenvolt Group has successfully upsized its syndicated financing from 350 million euros to a total of 400 million euros, following strong interest from the financial community. This increase was supported by two additional banks, including a new corporate lending partner, bringing the total number of international lenders in the facility to eight.
Initially, the syndicate was composed of one institutional investor and five banks, with four new financial institutions joining Greenvolt Group as corporate-level partners.
The reinforcement of this syndicated financing, which includes a three-year bullet, is subject to terms and conditions, including security, customary in similar operations.
This financing, obtained through the syndicated loan, strengthens the company’s strategy of building long-term relationships with key financial institutions as it expands its operations in the renewable energy sector. This demonstrates continued confidence in Greenvolt’s business plan, and the expanded banking pool strengthens Greenvolt’s ability to support its next phase of growth.
“This increase in financing reflects the trust that financial institutions have in our strategy in the renewables sector. It also highlights the benefits of having KKR as a key shareholder, extending our reach within the financial community”, said João Manso Neto, CEO of Greenvolt Group.
These 400 million euros will contribute to strengthening the balance sheet of the Greenvolt Group to foster the development of its pipeline in the Utility Scale segment, driving the company’s next growth phase.
The Greenvolt Group is a leader in the renewable energy sector, focusing its activities on the generation of clean energy through residual biomass, the promotion of utility-scale projects, and the design and development of distributed generation projects. In residual biomass, it is present in Portugal and the United Kingdom, where it owns Tilbury Green Power and the Kent power plant. In utility-scale, the Group has a pipeline of 9.3 GW in wind, solar photovoltaic, and battery storage projects across 16 countries. In distributed generation, it continues to grow its pan- European self-consumption platform, already operating in 12 geographies