MUFG and Nomura Announce $388M Financing for Greenalia's Texas Solar Park

Mitsubishi UFJ Financial Group (MUFG) and Nomura Securities International, Inc. (Nomura), proudly announce an agreement with Greenalia S.A. (Greenalia) to provide a $295 million construction-to-term loan and $93 millionletter of credit (LC) facility for Misae Solar Park II (Misae II). Misae II is the first US development from Greenalia, a top Spanish developer of renewable power projects.

MUFG and Nomura both acted as CLA and Bookrunner, with MUFG additionally acting as Administrative Agent.

"We're thrilled to support Greenalia by leading this complex and successful transaction," said Louise Pesce, Managing Director, Project Finance at MUFG. "Greenalia's innovation and MUFG's expertise will help the state of Texas increase energy capacity with renewable solar power."

Global Head of Nomura's Infrastructure & Power Business ("IPB"), Vinod Mukani, stated that "Nomura is thrilled to strategically partner with Greenalia to provide tailored capital solutions through bespoke structuring, unlocking risk-adjusted returns for all partners in the build-out of this landmark project. We are excited to support execution and development of Greenalia' s broader portfolio to meet strong renewable energy demand."

Alain Halimi, Managing Director, Nomura IPB, added, "Nomura is pleased to once again support Greenalia, this time for their inaugural Misae II solar project in Texas. Our partnership with Greenalia demonstrates Nomura's commitment to provide tailored strategic financing solutions to leading renewable energy developers."

"This transaction is a major step for Greenalia's US expansion," said Manuel Garcia, CEO of Greenalia S.A. "With the help of MUFG and Nomura, we are on track to reach 1 GW of operational projects by 2026."

"This financing represents a key milestone in the execution of the company's business plan, and in particular, the objectives established for its US business. This transaction demonstrates the evolution of the Greenalia group, covering the capital needs necessary for the launch of the projects currently under construction", said Antonio Fernandez-Montells, CFO of Greenalia S.A.

Misae II will be one of the largest developments in Texas, covering 3,970 acres in Childress County for a 430 MW-DC / 331.6 MW-AC photovoltaic development. It is expected to achieve COD in Q3 2025.

Misae II benefits from two ERCOT West-settled PPAs for 65% of its energy output and RECs. The remaining 35% of its energy will be sold into the merchant ERCOT market. In addition, Misae II has executed a fixed-price PTC Transfer Agreement and a separate fixed-price agreement for 40% of the Project's RECs.

Mitsubishi UFJ Financial Group | www.mufgamericas.com

Nomura | www.nomura.com

Greenalia S.A. | www.greenalia.es