- €97M investment: Supports Greenalia’s renewable energy projects in Spain.
- Advancing Spain’s clean energy goals: Aligns with Spain’s target of 81% renewable electricity by 2030.
- Strengthening energy security: Funding accelerates Greenalia’s project pipeline, boosting green infrastructure.
Driving Renewable Growth
Macquarie Asset Management, on behalf of managed funds, has provided €97 million in debt financing to Greenalia Power Spain. The funding will support Greenalia’s onshore wind, biomass, and solar PV projects in prime renewable energy areas across Spain.
Strategic Expansion
Greenalia operates a 15.5 GW renewable portfolio across Spain, Portugal, and the U.S., spanning technologies like offshore wind, storage, and hydrogen. The financing will enable Greenalia to scale operations, fund key site construction, and accelerate its development pipeline.
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“The funds obtained with this financing will be used to accelerate and consolidate the deployment of the business plan in Spain,“ said Manuel García, CEO of Greenalia. He added that combined with ongoing projects in the U.S., the company aims to reach 1 GW of operational capacity by 2026.
Macquarie’s Confidence in Greenalia
Gurjit Orjela, Senior VP at Macquarie Asset Management, emphasized Greenalia’s strong position in Spain’s renewables market:
“We are delighted to provide this tailored financing solution which will support the next phase of the business’s growth through the continued build-out of its development pipeline in Spain.”
Spain’s Renewable Push
Spain’s updated National Energy and Climate Plan (NECP) targets 81% renewable electricity by 2030, up from 56% today. Expanding renewable infrastructure is key to achieving this goal while enhancing energy security and meeting growing industrial demand.
Macquarie’s Role in Energy Finance
Macquarie Asset Management, which manages €205 billion in assets, including €35 billion in private credit, structured this financing to support Spain’s green energy transition. Clifford Chance Spain, Cuatrecasas, and Astris Finance provided advisory services for the transaction.
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