Matrix Renewables closes €300 million financing

Matrix Renewables, backed by TPG Rise, and Santander Corporate & Investment Banking have finalized a €300 million corporate debt financing. The funding will accelerate Matrix’s growth by supporting the construction of its development portfolio in Spain, the US, Italy, and Chile. As a leader in ESG practices, Matrix obtained this financing as Green and Sustainability-Linked, adhering to the Green and Sustainability-Linked Loan Principles. This funding aligns with Matrix Renewables’ strategic objectives, focusing on long-term growth, optimizing equity deployment, and managing renewable energy projects. The facility leverages Matrix’s existing advanced development portfolio of 2.5 GW out of a total of 14 GW across its markets. Advisory support came from Clifford Chance and Linklaters in Madrid, along with E&Y as the valuation advisor and financial model auditor.