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    GRE   ES0105079000

GRENERGY RENOVABLES, S.A.

(GRE)
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Grenergy Renovables S A : registers the first green notes program in Spain for 100 million euros

09/16/2021 | 08:12am EDT

It is the first Spanish company to launch a promissory note program

in a financing framework aligned with the Green Bond and Green Loan Principles

With this rating, Grenergy reinforces its financial

structure and environmental financial structure and environmental commitment

Grenergy registers

the first green notes program in Spain for 100 million euros

Madrid, September 16th, 2021 -Grenergy, the renewable energy producer and specialist in the development, construction and management of photovoltaic and wind projects, has registered on the Spanish alternative fixed Income market (MARF) the first green notes program by a Spanish company, which will have a maximum outstanding balance of 100 million euros.

As the company informed the regulatory body today, the operation has counted with Bankinter, S.A. as lead arranger, dealer and payment agent; and with Bestinver Sociedad de Valores, S.A. and Banco Sabadell, S.A. as dealers.

Grenergy becomes the first Spanish company - and also one of the first worldwide - to issue a green notes program in a financing framework aligned with the Green Bond Principles 2021 of the International Capital Market Association (ICMA) and the Green Loan Principles 2021 of the Loan Market Association (LMA).

This financing optimizes the company's financial structure, improving its positioning in the fixed-income markets and achieving significantly lower capital costs than traditional bank debt.

Sustainalytics evaluates the green rating of the note program

The leading green, social and sustainability bond review agency, Sustainalytics, has already anticipated in a report the positive impact on the environment of the use of these funds and has evaluated the credibility of Grenergy's green financing framework, as well as its alignment with international standards, considering that the listed company "has the appropriate measures in place to identify, manage and mitigate the environmental and social risks associated with renewable energy projects".

With the registration of this new transaction, which is in addition to the issuance of the first green bond program in the history of the MARF that the company carried out in 2019, Grenergy strengthens its leadership in the area of sustainable financing.

According to David Ruiz de Andrés, CEO of Grenergy, "this transaction allows us to finance ourselves at a reduced cost of capital, thus improving the company's competitiveness and once again becoming a pioneer in green financing in the Spanish capital market."

About Grenergy Renovables

Grenergy Renovables is a Spanish company created in 2007, an independent producer of energy from renewable sources, mainly wind and photovoltaic, which has been listed on the Continuous Market since 2019. Its business model covers all phases of the project, from development, through construction and financial structuring to operation and maintenance of the plants. The company has a global pipeline of more than 6 GW in various stages of development in the eight countries where it operates in the European market (Spain, Italy and the United Kingdom) and Latin America (Chile, Peru, Mexico, Argentina and Colombia).

Grenergy Renovables Daniel Lozano comunicacion@grenergy.eu Tlf. +0034 917 08 19 70 www.grenergy.eu

Más información:

Ion, Imagen y Comunicación Carolina Morales/Jennifer Correas carolina@ioncomunicacion.es jennifer@ioncomunicacion.es Tlf. +0034 915 76 07 70 www.ioncomunicacion.es

Disclaimer

Grenergy Renovables SA published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 12:11:09 UTC.


© Publicnow 2021
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Financials
Sales 2021 119 M 139 M 139 M
Net income 2021 19,6 M 22,8 M 22,8 M
Net Debt 2021 253 M 294 M 294 M
P/E ratio 2021 46,6x
Yield 2021 -
Capitalization 892 M 1 038 M 1 037 M
EV / Sales 2021 9,59x
EV / Sales 2022 7,50x
Nbr of Employees 210
Free-Float 37,8%
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Number of Analysts 7
Last Close Price 32,50 €
Average target price 45,61 €
Spread / Average Target 40,4%
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David Ruiz de Andrés Chairman & Chief Executive Officer
Antonio Francisco Jiménez Alarcón Chief Financial Officer & Executive Director
Nicolás Chester Bergareche Mendoza Independent Director
Ana Cristina Peralta Moreno Lead Independent Director
María del Rocío Hortigüela Esturillo Independent Director
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