Macquarie Asset Management has provided €97 million ($101 million) in debt financing to Greenalia Power Spain, an independent power producer focused on renewable energy. The funding, issued on behalf of managed funds, will support Greenalia’s Spanish renewables platform, which includes onshore wind, biomass, and solar PV projects.
Greenalia operates across Spain, Portugal, and the US, managing a 15.5 GW portfolio spanning onshore and offshore wind, solar, biomass, storage, and hydrogen. The financing will provide capital to enhance operations, fund construction at key sites, and accelerate the company’s development pipeline.
Greenalia CEO Manuel García stated that the funding will accelerate the company’s business plan in Spain, helping it reach 1 GW of operational projects by 2026, alongside its US-based developments.
Gurjit Orjela, Senior Vice President at Macquarie Asset Management, noted Greenalia’s strong position in the Spanish renewables sector, citing its diverse portfolio and experienced management team. He described the financing as a tailored solution to support the company’s continued growth.
Macquarie Asset Management’s credit platform oversees approximately €205 billion in assets, including €35 billion in private credit assets. The firm was advised by Clifford Chance Spain, while Greenalia was advised by Cuatrecasas (Legal) and Astris Finance (Financial).
