MADRID, May 8, 2024
/PRNewswire/ -- Matrix Renewables ("Matrix"), the TPG
Rise-backed global renewable energy platform, 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. Matrix, a leader in ESG practices,
successfully secured this financing as Green and
Sustainability-Linked, aligning it with the Green and
Sustainability-Linked Loan Principles.
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."
Matrix was advised by Clifford
Chance's Madrid Office and Santander CIB was advised by
Linklaters, also in Madrid, on the
legal side and E&Y as Valuation Advisor and financial model
auditor.
About Matrix Renewables
Matrix Renewables is a renewable energy platform created and
backed by global alternative asset manager TPG and its $19
billion impact-investing platform TPG Rise. Matrix Renewables'
current portfolio is comprised of 14 GW of solar, storage and green
hydrogen projects in Europe,
United States, and Latin
America. For more information, visit www.matrixrenewables.com
or send an email to media@matrixrenewables.com
About Santander
Banco Santander (SAN SM, STD US, BNC LN) is a
leading commercial bank, founded in 1857 and headquartered in
Spain and one of the largest banks
in the world by market capitalization. The group's activities are
consolidated into five global businesses: Retail & Commercial
Banking, Digital Consumer Bank, Corporate & Investment Banking
(CIB), Wealth Management & Insurance and Payments (PagoNxt and
Cards). This operating model allows the bank to better leverage its
unique combination of global scale and local leadership. Santander
aims to be the best open financial services platform providing
services to individuals, SMEs, corporates,
financial institutions and governments. The bank's purpose is
to help people and businesses prosper in a simple, personal and
fair way. Santander is building a more responsible bank and has
made a number of commitments to support this objective, including
raising €220 billion in green financing between 2019 and 2030. In
the first quarter of 2024, Banco Santander had €1.3 trillion in
total funds, 166 million customers, 8,400 branches and 211,000
employees.
Santander Corporate & Investment Banking (Santander
CIB) is Santander's global division that supports
corporate and institutional clients, offering tailored services and
value-added wholesale products suited to their complexity and
sophistication, as well as to responsible banking standards
that contribute to the progress of society.+
Contact:
Kirsty Whatmough
kwhatmough@webershandwick.com
+34917458657
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SOURCE Matrix Renewables