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

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.

Counterparts (3)

Lender

Banca March

company

Palma de Mallorca-based, family-owned Spanish bank founded in 1926, managing €23.9 billion in assets. It provides private banking, wealth management, corporate banking, and asset management services, including financing and investment in infrastructure and energy transition projects, primarily in Spain and Western Europe.

Andbank

company

Andbank is an Andorra-based private banking and wealth management group with over €30 billion in assets under management and a global presence across Europe, the Americas, and Israel. It provides a range of financial services, including asset management and alternative investments, to high-net-worth individuals and institutions.

borrower

Grenergy

company · 2 deals

Grenergy Renovables is a renewable energy company focused on developing, building, and operating clean energy projects, including solar and storage. They operate internationally and are involved in the entire project lifecycle, from development to power generation.