Amara NZero Group successfully concludes recapitalisation process, strengthening its balance sheet and focusing on accelerating growth globally

Madrid, Spain, 15 May 2026 -- Amara NZero Group (the “Group”), a leading energy transition specialist focused on decarbonisation, services and electrification, today announced that it has successfully completed the comprehensive recapitalisation of the Group’s capital structure. The transaction has been implemented with the full support and investment from Cinven, which will continue to be its controlling shareholder, the Group’s banks and 99% by value of its senior secured noteholders, who agreed to the recapitalisation earlier this year.

The recapitalisation puts the business in a strong financial position with materially improved leverage ratio, significantly reduced interest payments and the injection of €40 million in new cash funding.

Amara NZero is strategically positioned to grow and benefit from the long-term structural trend of the net zero transition, as the fundamentals behind it remain relevant across the board, further driven by geopolitical forces and technological developments in the industry. The Group maintains leading positions in key markets across the world, underpinned by its best-in-class technological expertise and the ability to deliver integrated solutions in wind, solar, battery storage and electrification, as well as logistics and supported services. The solid, sustainable balance sheet allows Amara NZero to make further investments to build on the progress made so far on its plan to drive growth and improve profitability.

In connection with the recapitalization, the 10.25% Senior Secured Notes due 2028 issued by Green Bidco S.A.U. have been cancelled and are being delisted.

Amara NZero CEO Simon Oakland commented: “This process has transformed our financial position, giving us one of the strongest balance sheets in the sector. Amara is a balanced renewables business with an efficient operating model and the financial resources to invest in our existing business lines and in our markets. The support we have received from our financial stakeholders is a clear vote of confidence in Amara NZero and all of our colleagues worldwide. We are now entirely focused on accelerating our growth strategy while being a strong partner providing enhanced services to our customers and suppliers. With our global footprint, deep technical expertise and unique ability to offer integrated solutions across wind, solar, battery storage and electrification, we are confident in our plan and committed to delivering our mission to drive the energy transition and achieve a sustainable world.”

About Amara NZero

Founded in 1957, Amara NZero is a comprehensive expert in sustainable energy, serving as a supplier of a range of solutions across wind, solar, electrification, and services for the energy transition. The company has over 2,300 employees and operates across Europe and the Americas with major operations in Spain, Portugal, Italy, France, the United States, Brazil and Mexico supporting its clients' national and international projects. Its aim is to position itself as an Energy Transition Key Partner, further aligning its objectives with the Energy Transition and its three pillars: decarbonization, electrification, and digitalization.

Disclaimer

This release contains “forward-looking” information. The forward-looking information is based upon certain assumptions about future events or conditions and is intended to illustrate hypothetical results under those conditions. Actual events or conditions are unlikely to be consistent with, and may materially differ from, those assumed. Any views or opinions expressed in this release (including statements or forecasts) constitute the judgement of the Group as of the date of this material and are subject to change without notice. You are cautioned not to place undue reliance on any forward-looking information.