Green Bond Fact Sheet

This fact sheet details a EUR 125 million green loan issued by Greenalia Biomass Power for the construction of a 50MW biomass plant in Teixeiro, Spain, designed to generate electricity from forest waste.

• Greenalia Biomass Power issued a green loan on July 27, 2018, for EUR 125 million (approximately USD 145 million), which received a green bond rating of E1/77 from S&P Global Ratings.
• The loan proceeds are dedicated to building a biomass plant in Teixeiro, located in the Province of La Coruña, Spain. The facility is designed with a capacity of approximately 50MW and is projected to produce 324GWh annually using forest waste sourced from within a 100km radius.
• The project aims to support forest maintenance and fire prevention by collecting small-sized waste. The biomass used will be PEFC or FSC certified, and the issuer has committed to reporting emissions of carbon monoxide (CO), nitrogen oxides (NOx), and sulphur dioxide (SO2) once operational.
• Both S&P Global Ratings and the Climate Bonds Initiative noted a lack of transparency regarding the project selection process and the calculations used to determine expected environmental impacts.
• Investors in the loan include the Marguerite fund (mezzanine tranche), Banco Santander and the EIB (senior tranche).

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-07%20ES%20Greenalia%20Biomass%20Power%20Curtis%20Teixeiro(2).pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-07%20ES%20Greenalia%20Biomass%20Power%20Curtis%20Teixeiro(2).pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=12 September 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-07%20ES%20Greenalia%20Biomass%20Power%20Curtis%20Teixeiro(2).pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = sep, url = {https://www.climatebonds.net/files/drupal-files/files/2018-07%20ES%20Greenalia%20Biomass%20Power%20Curtis%20Teixeiro(2).pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }