ENSO Energy Environment & Sustainability secures €165 million in financing for the development of two biomass plants in Spain
ENSO has secured €165 million in financing for the development of two greenfield biomass plants in Spain, which will supply thermal and electrical energy to large industrial customers under long-term supply contracts. These are the decarbonization projects of the ACOR agricultural cooperative, located in Olmedo, and the international chemical group Solvay’s plant in Torrelavega. This transaction reinforces ENSO’s commitment to the decarbonization of energy-intensive industrial sectors in Iberia.
The banks in charge of the transaction were MUFG, Santander, Natixis Corporate & Investment Banking, Bank of America and GRUPO CAJAMAR with Santander acting as coordinator.
The new plants, currently under construction, will serve the energy demands of two of our key customers, Solvay and ACOR, bringing a substantial efficiency improvement and reducing their GHG emissions footprint in more than 400.000 tCO₂ per year.
We would like to thank our financial partners and our shareholder Igneo Infrastructure Partners for all the ongoing support, which will be key to the development of the bioenergy sector in Spain.
Elías Hernandez, Managing Director of ENSO Group, stated:
«It is an honour to welcome the new group of lenders as key financial partners of the ENSO Group. This transaction is the result of a collective effort by the entire ENSO team, and we are very pleased with the outcome. Our focus now is to complete construction on the Solvay and ACOR projects, alongside the other developments already underway. We remain fully committed to delivering decarbonised energy solutions to major industrial players across Iberia.»
Alessandro Valenti, Managing Director and Head of Finance at Igneo Infrastructure Partners, ENSO’s majority shareholder, added:
«We are delighted to have the support of a strong group of top-tier lenders for this transaction. This financing represents a significant milestone in ENSO’s growth strategy to decarbonise thermal and electrical energy demand for industrial clients. The work delivered by the team has been outstanding.»
The banks in charge of the transaction were MUFG, Santander, Natixis Corporate & Investment Banking, Bank of America and GRUPO CAJAMAR with Santander acting as coordinator.
The new plants, currently under construction, will serve the energy demands of two of our key customers, Solvay and ACOR, bringing a substantial efficiency improvement and reducing their GHG emissions footprint in more than 400.000 tCO₂ per year.
We would like to thank our financial partners and our shareholder Igneo Infrastructure Partners for all the ongoing support, which will be key to the development of the bioenergy sector in Spain.
Elías Hernandez, Managing Director of ENSO Group, stated:
«It is an honour to welcome the new group of lenders as key financial partners of the ENSO Group. This transaction is the result of a collective effort by the entire ENSO team, and we are very pleased with the outcome. Our focus now is to complete construction on the Solvay and ACOR projects, alongside the other developments already underway. We remain fully committed to delivering decarbonised energy solutions to major industrial players across Iberia.»
Alessandro Valenti, Managing Director and Head of Finance at Igneo Infrastructure Partners, ENSO’s majority shareholder, added:
«We are delighted to have the support of a strong group of top-tier lenders for this transaction. This financing represents a significant milestone in ENSO’s growth strategy to decarbonise thermal and electrical energy demand for industrial clients. The work delivered by the team has been outstanding.»
