BME's Fixed Income Market, MARF, today admitted Grupo Ecoener's new Commercial Paper (CP) Programme for 50 million euros. This programme is the first to be registered by the company on the market and will allow it to raise funding by accessing qualified investors to diversify its sources of financing.
The CPs to be issued under the programme will qualify as green instruments, in accordance with Ecoener's sustainable financing framework and ICMA's Green Bond Principles (GBP). The issuer has obtained a second opinion from Sustainalytics. The proceeds of the issues will be used to finance projects aligned with the GBP.
Banca March is participating as Arranger, Registered Advisor and, together with Renta 4 Banco will act as Placement Entities in the programme. Banca March will also be the Payment Agent for the issues. J&A Garrigues has provided legal advice to Ecoener in connection with the registration of the Programme.
Grupo Ecoener and its subsidiaries make up a business group specialising in the construction, operation and maintenance of renewable energy facilities, positioning itself as an independent power producer (IPP). The company currently has a total installed capacity of 171 megawatts, which it operates through wind farms (42.7% of the total), hydroelectric plants (30.4%) and solar photovoltaic plants (26.9%), with a further 186 megawatts under construction. Geographical diversification is an integral part of the company's strategic plan and it currently has a presence in 10 countries, where it has a pipeline of 1.5 gigawatts of future projects under development.
Grupo Ecoener has been listed on the Spanish stock exchange since May 2021. Last year it reported a consolidated turnover of 39.9 million euros and an EBITDA of 21.6 million euros.