Press Releases — Grenergy successfully completes a €170 million green bond issue on MARF

• The transaction exceeds the initial amount estimate, against a backdrop of challenging market conditions, and has secured strong institutional backing
• It strengthens its liquidity position to continue making progress with the financing plan for the investments included in its 2025–2027 plan

Madrid, March 27, 2026. Grenergy has successfully completed a green bond issue on the Alternative Fixed-Income Market (MARF) for up to €170 million, as part of its green bond programme of up to €250 million. The bond, which matures in four years, has been issued with a fixed coupon of 5%.

The transaction, carried out in a more complex market environment, will enable the company to strengthen its balance sheet, diversify its sources of funding and rebalance its debt structure towards longer maturities. It also helps to strengthen the company’s liquidity position, reinforcing the stability required for the development of its medium-term projects in a geopolitical environment of growing uncertainty.

This operation is part of the €3.5 billion investment plan set for completion by 2027. The funds will be used to drive growth and international expansion, with a particular focus on the development of energy storage projects over the next 24 months.

Andbank and Banca March acted as lead managers and bookrunners for the transaction.  The volume raised is more than double the combined total of Grenergy’s two previous green bond issues on the MARF: €22 million in 2019 and €52 million in 2022.

The issue follows a record-breaking 2025 financial year, in which the company generated over €1 billion in revenue, achieved an EBITDA of €201 million and made investments totalling €880 million.

Furthermore, the company continues to demonstrate strength in project financing, having secured nearly $1.6 billion in non-recourse financing for its entire Oasis portfolio in Chile.

According to David Ruiz, CEO of Grenergy:

“This issue strengthens our capital structure at a time of heightened market demands, expands our financial flexibility and gives us the necessary solidity to continue executing our growth plan with discipline. The backing of investors confirms their confidence in our model, our ability to execute and a long-term strategy focused on creating sustainable value.”

About Grenergy

Grenergy is a Spanish multinational clean energy producer. Founded in 2007, it has been listed on the Spanish stock exchange since 2015 and currently has a market capitalization of around €3 billion. The company develops, builds, and operates photovoltaic solar plants and is a pioneer in the energy storage industry.

With a team of over 600 professionals, Grenergy operates across three key regions: Europe (Spain, Italy, Germany, Poland, Romania, and the United Kingdom), North America (United States) and Latin America (Chile, Peru, Mexico, and Colombia). Its global portfolio exceeds 75 GWh of storage capacity and 12 GW of solar power in various stages of development.

Thanks to its strong commitment to battery technology, Grenergy can deliver clean, affordable, reliable, and continuous energy—anywhere, anytime, 24/7.