Greenvolt – Energias Renováveis, S.A.
Greenvolt operates as a leading Company in the renewable energy sector in Portugal in the segment of electricity generation from forest biomass. It is also a leading player in Europe in the development of utility-scale solar and wind projects, as well as distributed generation with a presence in several countries.
Listing on Euronext Lisbon on July 15, 2021, after the issue (through a private placement offer) of 41.8 millions new shares, at a unitary subscription price of €4.25, resulting in a €129.9 millions of share capital increase in cash (IPO), to which was added €19.5 millions of share capital increase in cash (GreenShoe) and €47.6 millions of share capital increase in kind.
Green Bond Emission
Greenvolt has successfully completed a green bond issue (through a private placement offer) for a global amount of €100 millions, with a maturity of 7 years and a fixed coupon of 2.625%. These bonds are listed on Euronext Lisbon.
Greenvolt successfully completed a share capital increase reserved for shareholders, corresponding to the issuance of 17,792,576 New Shares, with a subscription price of €5.62. The total demand for this share capital increase amounted to 186.8% of the Offer’s size, corresponding to proceeds of about €100 millions.
Green Bond Emission
Greenvolt has successfully completed a green bond public offer, for a global amount of €150 millions, with a maturity of 7 years and a fixed coupon of 2.625%. These bonds are listed on Euronext Lisbon.
Main reasons to admit Shares in the stock market
Main reasons to issue Bonds
The Eligible Green Projects are aimed at providing clear environmental benefits as a positive environmental impact, by avoiding or reducing greenhouse gas (GHG) emissions. The positive impact can be measured as energy efficiency improvement, decarbonization, job creation and economic growth, sustainable forest management practices and enhance circular economy.
Since the IPO and the green bonds issuance, Greenvolt has announced the building of new solar and wind farms and the acquisition of several companies in the energy sector. The financing raised allowed the Company to fund its expansion plan, reinforce its leading position, and ensure an autonomous and strengthened capital structure fostering swiftness and flexibility in decision making.
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