Natixis provides €145 million project finance refinancing for Greenalia's Curtis-Teixeiro biomass power plant in Spain

Type: Financing · Technology: Biomass · Country: Spain · Value: EUR 145M · Announced: 2026-07-06

Natixis provided a €145 million project finance refinancing for Greenalia Biomass Power Curtis-Teixeiro S.L.U., a subsidiary of Greenalia S.A., to refinance its Curtis-Teixeiro biomass power plant in A Coruña, Spain. The facility, one of Southern Europe's largest biomass plants operational since 2020, generated 375 GWh in 2025 with approximately 7,500 net exportable hours, demonstrating strong operational performance. The refinancing optimizes Greenalia's capital structure and is expected to yield annual financial savings exceeding €6.5 million. The Curtis-Teixeiro plant utilizes certified forest biomass (FSC and PEFC) to support sustainable forest management and fire prevention by recovering unused forestry residues. Watson Farley & Williams advised Natixis on the transaction, highlighting the continued relevance of biomass assets in Spain's energy transition.

Counterparties

Source article