Grenergy completes €170m MARF green bond to support storage growth and investment plan

Type: Financing · Technology: Storage · Value: EUR 170M · Announced: 2026-03-27

Grenergy completed a green bond issue of up to €170 million on the Alternative Fixed-Income Market on March 27, 2026. This four-year bond carries a fixed coupon of 5% and forms part of a larger program of up to €250 million. The funds will support Grenergy's €3.5 billion investment plan through to 2027, with a specific focus on energy storage development over the next 24 months. This transaction strengthens Grenergy's balance sheet, diversifies its funding sources, and rebalances its debt towards longer maturities. Andbank and Banca March acted as lead managers and bookrunners for the transaction, which more than doubles Grenergy’s previous MARF green bond issues.

Analysis

Grenergy completed a €170 million green bond on the Alternative Fixed-Income Market on March 27, 2026, to support its €3.5 billion investment plan through 2027, with a focus on energy storage development. Andbank, an Andorra-based private banking group managing over €30 billion in assets, and Banca March, a Spanish bank with €23.9 billion in assets, acted as lead managers and bookrunners. This four-year bond carries a 5% fixed coupon and is part of a larger €250 million program, more than doubling Grenergy’s previous MARF green bond issuances.

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