![Matrix Renewables’ €300 million green and sustainable corporate financing will support the company’s strategic goal of long-term growth. (Illustrative Photo; Photo Credit: trekandshoot/Shutterstock.com)](http://media.assettype.com/taiyangnews%2Fimport%2Fwp-content%2Fuploads%2F2024%2F05%2FPresentation1-71.png?w=480&auto=format%2Ccompress&fit=max)
Renewable energy platform backed by asset manager TPG Rise, Matrix Renewables announced that it has closed a €300 million corporate debt financing deal with leading commercial bank, Santander Corporate & Investment Banking. The company managed to secure this financing as Green and Sustainability-Linked, aligning it with the Green and Sustainability-Linked Loan Principles.
Matrix, a leader in ESG practices, can now use the funds to accelerate the growth of its platforms. This financing enables the company to allocate funds toward the construction of its advanced development portfolio in all of its existing markets, including Spain, Italy, Chile, and the US.
This financing will further support Matrix's strategic goal of long-term growth and management of its renewable energy generation projects. Out of the total portfolio of 14 GW, Matrix capitalizes from an existing advanced development portfolio comprising 2.5 GW, spread across geographies.
Emphasizing the significance of this financing, President of Matrix Renewables, Luis Sabate, said: "This facility reinforces Matrix Renewables' position as a leader in the renewable energy sector and accelerates the deployment of clean energy resources."
CFO of Matrix Renewables, Nicolas Navas, added: "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."
Commenting on the development, Global Head of Structured Finance at Santander CIB, Benoît Felix, 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."