Holland & Knight advised Greenalia S.A., a leading Spanish developer of renewable power projects, in securing $200 million of three-year credit facilities to support the development of its solar and wind projects in the United States, including the buildout of its 1.9 gigawatt (GW) Electric Reliability Council of Texas (ERCOT) renewables pipeline. The transaction was announced on February 19.
Nomura Securities International Inc. led the financing and acted as sole underwriter, lead arranger and bookrunner of the facilities.
Greenalia S.A. is a global renewable focused independent power producer (IPP) and the parent company of Greenalia Power US Advanced II LLC, which acquires, develops, constructs and operates utility-scale solar, wind and energy storage projects in the United States.
Holland & Knight Partners Madeleine Tan and Matt Roberts led the firm’s representation of Greenalia. They were assisted by Associates Jessica Gonzalez, Samantha Podlas, Nicole Lamanna and Pedro de Elizalde and Partner Waajid Siddiqui.
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