Opdenergy has registered a promissory notes program in the Alternative Fixed-Income Market ("MARF").

The green promissory note program contemplates a maximum outstanding balance of €100M. The company will use this program to reach qualified investors with an interest in financing renewable energy companies, diversifying its sources of financing while optimizing the average cost of its debt. This transaction will allow Opdenergy to finance its working capital needs, as well as facilitate its growth in the coming years, which will boost its position as a relevant player in the international renewable energy industry.

The green notes promissory program has been conducted within the framework of the Green Loan Principles (GLP) of the Loan Market Association (LMA) and the Green Bond Principles (GBP) of the International Capital Markets Association (ICMA).

Opdenergy has Banco Santander and Bestinver Securities as placement entities of the program. Banco Santander has also collaborated as Arranger, Green Bond Structuring Agent and will be the Payment Agent of the issues. PricewaterhouseCoopers (PwC) is the Registered Advisor of Opdenergy in the MARF and Evergreen Legal has provided legal advice to the company.

In alignment with the Green Finance Framework, Opdenergy has relied on Morningstar Sustainability ESG Rating; a leading company that rates the sustainability of companies in terms of their environmental, social and corporate governance performance, to obtain a ‘Second Party Opinion' (SPO).

The report finds that the Green Finance Framework has a positive impact and is aligned with the four main components of the Green Bond Principles 2021 and the Green Loan Principles 2021. Specifically, this report highlights that the related investments contribute to a positive environmental impact and to promote the UN Sustainable Development Goals, in particular SDG 7 which contemplates the development of affordable and clean energy. Furthermore, this analysis also highlights how Opdenergy guarantees the implementation of a risk management system and an environmental impact reporting for its projects in line with standard market practices.

Luis Cid, CEO of Opdenergy, pointed out: "The launch of this promissory note program demonstrates once again our ability to seek alternative ways to finance our growth. We will continue working to highlight our role in the clean energy industry and the importance of investing in and developing projects that have a positive impact on the environment".