Alantra Advises Audax Renovables on Securing a €66 Million HoldCo Financing for the development of 141MWp Photovoltaic Projects in Spain


ServiceDebt Advisory

Dec 2023
Debt Advisory

Madrid – Alantra has advised Audax Renovables (“The Company”), a publicly listed independent company dedicated to producing and commercializing electricity from 100% renewable sources, on securing a HoldCo Development Financing of €66M from institutional investors.

Audax Renovables is a vertically integrated Spanish energy group primarily focused on producing 100% renewable energy. Additionally, the Company engages in electricity and natural gas commercialization, serving customers in seven European countries. Audax Renovables is present in nine countries.

Through this transaction, Audax Renovables solidifies its vertical integration strategy, strengthening its position in the renewable energy generation sector, where it maintains a diverse portfolio of assets across Spain, Portugal, Italy, France, Poland, and Panama, exceeding 1,000MW. The projects involved in this transaction span operational, under construction, and Ready to Build (RtB) phases. Upon full operation of this entire portfolio, Audax will have over 380 MW in operation, reaffirming its strong commitment to renewable energy, sustainability, and advancing the energy transition.

Manuel Fernandez, Managing Director at Alantra, said: “With this transaction, we demonstrate Alantra’s expertise and access to different financing alternatives in the energy sector, ranging from Bond Issuance and HoldCo Financing to Bank and Alternative Financing. This transaction not only highlights our proficiency across the entire life cycle of renewable projects but also strengthens our reputation as the go-to firm for complex debt advice in the energy sector.”

In the current debt market context, this transaction stands as a significant achievement, as the Company secures financing for developing solar energy generation assets, thereby reinforcing its commitment to vertical integration.

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