Matrix Renewables

Last week in Madrid, Matrix Renewables took part in the 3rd UNEF Green Hydrogen and Storage Summit, where our VP of Development, Europe & LatAm, Luis Miguel Alvarez, shared insights on the key regulatory and permitting challenges for energy storage projects in Spain. Luis Miguel highlighted the bottlenecks slowing down the deployment of hybrid and stand-alone storage projects, emphasizing the need for a more efficient permitting framework. He addressed potential regulatory improvements to accelerate storage deployment, including clearer urban planning criteria, streamlined coordination between government agencies, and more flexible permitting processes for hybrid storage projects. We appreciate the invitation from UNEF Spanish Solar Association and thank David Diez Marcos (Partner, WFW), Marcos Valles (CEO, Quinto Armónico), and Cristina Aparicio Maeztu (Managing Director of Energy Transition and Circular Economy, Government of Spain) for the engaging discussion. #RenewableEnergy #MatrixRenewables #EnergyStorage #BESS #GreenHydrogen

We are thrilled to announce our first financing in Italy, securing a €40 million non-recourse loan with UniCredit to support the construction of six solar PV plants across Sicily, Campania, and Lombardia. With a total capacity of 40 MW, these projects will generate clean energy for 27,500 Italian households and prevent 24,500 tons of CO2 emissions annually. Nicolas Navas, CFO of Matrix Renewables, shared: "This non-recourse financial close strengthens Matrix Renewables’ position as a leader in the renewable energy sector and marks a crucial step in our expansion strategy. This financing reinforces our long-term commitment to growing our platform in the country. " A big thank you to UniCredit and our incredible teams and advisors for making this happen! Read more in the press release: https://lnkd.in/ddsJmdsw #MatrixRenewables #SolarEnergy #Italy #RenewableEnergy #Sustainability

We are thrilled to announce the closing of a €124 million non-recourse financing with BBVA, NORD/LB, and Rabobank to support the construction of three solar PV plants in Castilla León and Castilla La Mancha, Spain. These projects, totaling 157 MW, highlight our commitment to advancing clean energy and sustainability. Nicolas Navas, CFO of Matrix Renewables, shared: "This financing showcases the growing interest of major financial institutions in renewable energy. It strengthens Matrix’s ability to scale its impact while accelerating the transition to clean energy. We’re grateful for the support and trust of BBVA, NORD/LB, and Rabobank." ⚡ Key Impacts: Powering 78,000 households annually with clean energy. Preventing over 100,000 tons of CO2 emissions each year. Supporting 260 full-time jobs during construction. This achievement reflects the incredible collaboration between our teams, financial partners, and local communities. Together, we’re building a sustainable future! 🌱 #MatrixRenewables #CleanEnergy #SolarPower #Sustainability #RenewableEnergy https://lnkd.in/dq28ACnk

We're proud to announce that Juan Domingo Prieto, our lead legal representative in Chile, has been named to the General Counsel Powerlist for Chile 2024! This recognition highlights his dedication, expertise, and outstanding contributions to our team and the renewable energy sector in Chile. Thank you, Juan, for your unwavering commitment to excellence and for embodying the values we hold high at Matrix. Congratulations on this well-deserved achievement! 👏👏 https://lnkd.in/dqhmDH85 #MatrixRenewables #LegalExcellence #Chile #RenewableEnergy #GeneralCounsel #Powerlist2024 #Congratulations

Matrix has secured financing for our 210MWac Stillhouse Solar project. This includes preferred equity financing sourced by Acadia Infrastructure Capital, and $376 million in debt financing provided by MUFG, HSBC, ING and BBVA Corporate & Investment Banking   Located in Bell County, Texas, the solar PV plant has a total nameplate capacity of 210MWac and includes a 15-year power purchase agreement with affiliates of Hyundai Motor Company (현대자동차), and Microsoft’s purchase of environmental attributes. Construction is currently underway with operations expected to commence in Q3 2025.   Through a partnership with the national non-profit Sustain Our Future Foundation, nearly $3 million will be contributed to support community benefits via a community engagement program.   Speaking of the milestone, Managing Director and Head of U.S. for Matrix Renewables, Cindy Tindell said, “We are incredibly pleased to report our financing and construction progress on our Stillhouse solar project. […] We thank Microsoft and MUFG for their ongoing support and look forward to a long relationship with our partners.”   Matrix owns over 8.78GW of projects in the U.S. and is expanding its pipeline in the region. Globally, Matrix’s total portfolio exceeds 15.6GW of solar, battery storage and green hydrogen projects.   To read more about the project, click here: https://lnkd.in/dqv2cU2v

🔋 Tackling the Future of Renewable Energy Integration in Italy 🌍 Last Thursday, our VP of Development for Europe and Latam, Luis Miguel Alvarez, joined an inspiring panel at ENERGYEAR ITALIA in Milan. The discussion centered on a crucial topic: Challenges and Strategies for Integrating Renewables into the Grid. Luis Miguel shared actionable insights on: - Addressing grid bottlenecks and enhancing flexibility for project interconnections. - Streamlining DSO processes and updating regulatory frameworks to accelerate renewables' integration. - Advancing battery storage (BESS) and driving domestic demand for green hydrogen, industry electrification, and data center sustainability. By harmonizing grid codes and promoting output-based regulation, we aim to pave the way for a more resilient, sustainable, and innovative energy landscape in Italy and beyond. Thank you, #Energyear, for the opportunity to contribute to this vital conversation! #RenewableEnergy #MatrixRenewables #EnergyTransition #GreenFuture #EnergyearItalia

🚀 Matrix Renewables is looking for talent across the USA, Spain, and Italy! Join an exceptional team driving rapid and solid growth in the renewable energy sector. At Matrix, we foster a culture of collaboration, talent, and commitment. We offer significant opportunities for professional development as we work together to create a sustainable energy future. If you’re ready to make an impact in a forward-thinking company, check out our great opportunities: Spain: - Asset Management Analyst: https://lnkd.in/dNbDJpjx - Accounting Associate: https://lnkd.in/dv7_rXzs - Financing Manager: https://lnkd.in/dw_xBf7h - Tax Manager: https://lnkd.in/dDkfWpGz   USA: - Director of Asset Management: https://lnkd.in/djG6SX9Q - Markets Associate: https://lnkd.in/dCRFsFxm - Energy Storage Optimization Engineer: https://lnkd.in/d3RPDBsh - Investment Associate: https://lnkd.in/dVNpXFa8 - Storage Development Associate: https://lnkd.in/dFwSTxBQ - Supply Chain Associate: https://lnkd.in/dYFnrUhZ   Italy: -          Permitting Associate: https://lnkd.in/diBpExfk Or check our Careers web page where you can find all current positions https://lnkd.in/dH73FmJ #Hiring #RenewableEnergy #MatrixRenewables #JoinUs #CareerDevelopment

The Matrix Renewables team was delighted to celebrate the groundbreaking of Stillhouse Solar in Rogers, Texas with EPC Contractor SOLV Energy and a great group of landowners, stakeholders, lenders, and advisors. Stillhouse Solar, a Matrix owned PV facility, will represent an investment of over $370 million in renewable energy infrastructure and the surrounding communities. Construction on the project will create over 320 construction jobs, including local laborers, operators and electricians, engineers, and project managers. "Matrix Renewables is thrilled to commence construction on the Stillhouse solar project bringing this project into existence supporting the renewable energy goals of our offtakers, stakeholders as well as the power grid. We are delighted to make this investment in Bell County working with local Bell County landowners and officials,” said @CindyTindell, Head of U.S. at Matrix Renewables. Matrix owns a pipeline of approximately 7 GW of projects in operation and various stages of construction and development in the U.S. and approximately 14 GW of solar power, battery storage and green hydrogen projects globally. Matrix selected SOLV Energy as the EPC and O&M partner on the project. SOLV has built and operates 12 GW of solar capacity in over 30 states, including 4 GW of projects completed or under construction in Texas. Read more here: https://lnkd.in/eibAr4CC

We are thrilled to announce that the European Investment Bank (EIB) has signed a €50 million green loan with Matrix Renewables to deploy 5 new solar photovoltaic plants in Spain. The projects will be installed in the Castilla León and Extremadura regions, with an installed capacity of 240 MW and are expected to be operational by the end of 2025.   This project will support the design, construction, and operation of these plants, contributing significantly to the EU's green investment goals and the REPowerEU plan, which is designed to end Europe’s dependence on fossil fuel imports. It also underlines Matrix’s commitment to innovation and sustainability in renewable energy.   Nicolas Navas , CFO of Matrix Renewables, commented: "This partnership not only advances our mission of sustainable energy development but also supports Spain's and Europe's broader energy transition goals."   Read more about the project, here: https://lnkd.in/dswms5Ej

On Tuesday, Luis Miguel Alvarez, Matrix Renewables' VP Development Europe & Latam took part in the Future Energy Summit Iberia. The event brought together leading figures, sponsors, manufacturers and energy experts for a lively roundtable on "Storage and key aspects of renewable future". Luis Miguel shared the stage with Lucia Dólera from Jinko Solar Co., Ltd., Maria del Puy Ayerra from Atlas Renewable Energy, Alejandro Pintado Gregorio from Growatt Power and Chema Zabala Lopez from Alantra.   Luis Miguel emphasized the critical challenges we need to overcome to reach the 2030 goal of 22GW of storage. He highlighted the importance of streamlining the storage project authorization process, providing specialized technical expertise, and adopting a standardized approach to urban planning. Additionally he stressed the need for a comprehensive regulatory framework to address inconsistencies and bottlenecks, giving the storage business model the certainty and visibility it needss.   His insights were structured around three main pillars, offering a clear path forward for the industry.         i.           Capacity       ii.           Reform of the electricity market      iii.           Flexibility scheme implementation ¡Many thanks Future Energy Summit for the invitation! #RenewableEnergy #MatrixRenewables #BESS #FutureEnergySummit #EnergiaEstrategica