Matrix Renewables Bags Euro 300 Million Green and Sustainable Corporate Financing

Matrix Renewables (Matrix) and Santander Corporate & Investment Banking (Santander CIB) have successfully closed a €300 million corporate debt financing. The financing will allow Matrix to expedite the growth of its platform by allocating funds towards the construction of its advanced development portfolio in all of its existing markets, including Spain, US, Italy and Chile.

This facility is central to Matrix Renewables’ strategic goal of long-term growth, optimization of the equity deployed, and management of its renewable energy generation projects. It capitalizes on its existing advanced development portfolio comprising of 2.5GW out of the 14GW total portfolio across Matrix geographies.

Luis Sabate, President of Matrix Renewables, emphasized the significance of this milestone for the company: “This facility reinforces Matrix Renewables’ position as a leader in the renewable energy sector and accelerates the deployment of clean energy resources”. Nicolas Navas, CFO, remarked: “This achievement strengthens our standing in the sector and reaffirms the trust and confidence placed in us by Santander CIB. We are grateful to the committed team at Santander CIB for their partnership.”

Benoît Felix, Global Head of Structured Finance at Santander CIB said: “This financing allows the bank to advance in its aim of promoting the use of renewable energy by providing financing support, reinforcing Banco Santander’s commitment to sustainability and energy efficiency, and aligning with its goal of achieving a more efficient and responsible economy.”