Greenvolt – Energias Renováveis, S.A. has just received its first rating, BBB-, with a Stable Outlook, attributed by EthiFinance. The classification attributed by the European financial rating agency places the debt in an investment grade status, reflecting the confidence in the strategy outlined for the renewable energy segment, the moderate level of indebtedness necessary to implement this same strategy and the strong shareholder structure.
EthiFinance emphasizes Greenvolt’s objective of “going from being a specialist energy producer in the biomass segment to also being a promoter of projects in various segments of the renewable energy market”. It is an “important moment in which the company finds itself, with significant investments in the acquisition of assets”, add analysts Carlos Sanjuán Martin and Guillermo Cruz Martínez.
This strategy will allow the company to implement its growth plan. “The company’s level of diversification, both in terms of business and geographically, offers a high potential for growth in the short and medium term”, says the agency, underlining Greenvolt’s objective of “generating operating cash flows that will contribute positively to an adequate financial situation, despite maintaining a moderate leverage”.
This assessment made by EthiFinance, together with the renewed commitment of the reference shareholders at the time of the 100 million euros capital increase, leads the agency to assign Greenvolt an investment grade rating, which opens the door to new issuances. of debt that can contribute to the implementation of the outlined growth strategy, which has accelerated in recent months due to the emergence of new opportunities enhanced by REPowerEU, announced by the European Commission.
“This rating, which makes us a quality investment for investors in the debt market, is extremely important for Greenvolt”, says João Manso Neto. “It not only recognizes the work already done, but also reveals confidence in the strategy defined for the company’s growth. And it helps to make it happen, opening the doors for us to carry out new debt issues in the future”, adds the CEO of Greenvolt.
