Clifford Chance has advised the renewable energy platform Matrix Renewables (Spain) as borrower and Matrix Renewables (Spain) Holdings as shareholder on a €300 million green and sustainability-linked net asset value financing.

This corporate debt financing was granted by Santander Corporate & Investment Banking for the repayment of certain pre-existing debts and for the funding of certain construction and development costs in connection with a portfolio of projects located in different jurisdictions comprising renewable, hydrogen and battery storage assets.

The Clifford Chance team was led by Global Financial Markets Partner José Guardo, together with Senior Associate Antonio Sánchez-Cirujano and Associate Juan Conde-Pumpido, with the support of Senior Associate Alejandro León (Washington D.C.) and Associates Renato Maria Anastasio and Alessandra Ravazzolo (Milan). Senior Associate Ángel Muñoz advised on hedging matters.