Green Bond Fact Sheet

Grenergy Renovables

Date: 14/11/2019

Issue date: 08-11-2019 Maturity date: 08-11-2024 Tenor: 5Issuer Name

Grenergy Renovables

Amount Issued

EUR22m/USD24m

Country of risk

Spain

CBI Database

Included

Issuer Type1

Non-Financial Corporate

Bond TypeSr Unsecured

Green Bond Framework

N/A

Second party opinion

Vigeo Eiris

Certification Standard

Not certified

Assurance report

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation & resilience☐ ICT☐ Industry: process

Issue details
ReportingIssuer information

The issuer will report annually on ESG issues related to the eligible projects up until maturity orin case there are any material changes after that. This includes the percentage of allocated andunallocated funds, the number of projects financed, the type of project, the percentage ofinvestment per country/ region as well as the type of tariffs. There will also be an impact reportavailable including indicators such as energy savings and GHG avoided. This will be publicly
available on the website and distributed to stakeholders who might be affected.
Grenergy Renovables produces energy independently. It develops, financially structures,builds, operates and maintains large-scale renewable energy plants, currently doing business in
6 countries. Grenergy Renovalbes is based in Madrid, Spain, and employs around 100 people.

Firsts, records andcertifications
Proceeds description

The proceeds of the bond will solely finance renewable energy projects, solar and wind(onshore) farms, with an estimation of 484.1 tCO2/year of CO2 emissions avoided.

Climate Bonds viewAs a company whose business is dedicated to renewable energy, Grenergy Renovables has thepotential to become a repeat bond issuer. This is their first bond ever issued and due to thegreen core business, we hope that any further debt issued by them will be labelled as green as
well.

Underwriters

Bankinter

Deal comments
Credit Rating
Pricing summary•Coupon: 4.750%

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign