1. Matrix Renewables secured €300 million in corporate debt financing from Santander CIB for growth and development in existing markets.
2. The financing is green and sustainability-linked, aligning with Matrix’s ESG practices and goal of accelerating clean energy deployment.
3. Matrix Renewables’ advanced development portfolio of 2.5 GW out of 14 GW total will benefit from this financing, reinforcing its position as a leader in renewable energy.
Matrix Renewables and Santander Corporate and Investment Banking (CIB) closed a €300 million corporate debt financing to support Matrix’s growth in renewable energy. The funds will be used for developing its portfolio in Spain, the US, Italy, and Chile, with a focus on green and sustainability-linked initiatives. This financing aligns with Matrix’s ESG practices and goals for long-term growth and renewable energy generation projects.
The facility enables Matrix Renewables to accelerate the deployment of clean energy resources and optimise its 2.5 GW advanced development portfolio out of a total of 14 GW across its geographies. The financing reinforces Matrix’s position as a leader in the renewable energy sector and supports Banco Santander’s commitment to sustainability and energy efficiency. Both Matrix and Santander CIB were advised by legal firms and financial advisors to facilitate the financing.
This partnership highlights the importance of financing support for renewable energy projects and contributes to the goal of achieving a more efficient and responsible economy. The investment allows Matrix to advance its platform and continue developing renewable energy projects to drive the transition towards cleaner energy sources. For more news and technical articles in the global renewable industry, readers can explore the latest issue of Energy Global magazine for insights on battery storage, electrical infrastructure, turbine monitoring, and other related topics.