Matrix Renewables funding news – Madrid-based Matrix Renewables Secures €50Million Green loan

The financing operation contributes to consolidate the EIB’s position as the EU climate bank aiming to meet the objective of supporting €1 trillion in green investment in the critical decade to 2030 and committing at least half of its annual financing to climate action and sustainability.

EIB Director of Equity, Growth Capital and Project Finance Alessandro Izzo said, “With this operation, the EIB continues to accelerate the energy transition in Spain by increasing renewable energy generation capacity. We are also delighted to support Independent Power Producers in their development and deployment efforts, fundamental to accelerate renewable generation investments, The project is part of the EIB’s contribution to a more sustainable and independent energy model for Europe.”

The new photovoltaic plants are in cohesion regions, where per capita income is lower than EU average, underlining the EIB’s commitment to economic growth and convergence among regions. It is expected that the new plants will be fully operational by the end of 2025.

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The project supports the decarbonisation objectives of the European Green Deal and is also part of the EIB’s action plan to support REPowerEU, the EU plan designed to end dependence on fossil fuel imports by increasing energy efficiency and ramping up production from renewables.

Matrix Renewables CFO, Nicolás Navas said: “We are thrilled to partner with the EIB in this significant project that not only advances our mission of sustainable energy development but also contributes to Spain’s and Europe’s broader energy transition goals. This project highlights Matrix’s commitment to innovation and sustainability. The development of these new solar plants will provide clean energy to thousands of homes and businesses, reinforcing our dedication to creating a greener future for all.”

About Matrix Renewables

Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its $19 billion impact-investing platform TPG Rise. Matrix Renewables’ current portfolio is comprised of 14 GW of solar, storage and green hydrogen projects in Europe, United States, and Latin America.