News
Amara NZero Group obtains support from its key working capital banks, noteholders and principal shareholder to strengthen its balance sheet and accelerate growth.
Principles agreed with working capital banks and principal shareholder for a reduction of leverage, and injection of significant new funding to advance the Group’s growth strategy.
Majority noteholders have also expressed their support for the Group’s comprehensive recapitalisation.
Madrid, Spain, 5 January 2026 -- Amara NZero Group, a leading energy transition specialist focused on decarbonisation, services and electrification, today announced that it has agreed key principles with its Spanish bilateral working capital banks and principal shareholder for a comprehensive recapitalisation of the Group.
The key principles contemplate a substantial reduction in the Group’s debt, as well as the injection of significant new equity funding to accelerate the Group’s growth. The comprehensive recapitalisation would stabilise and strengthen the Group’s financial position and support its long-term, sustainable growth.
A majority of the Group’s senior secured noteholders have also expressed support for the Group’s comprehensive recapitalisation.
The Group is strongly positioned to grow and benefit from the structural trend for businesses to transition towards net zero. The Group maintains leading positions in key markets and product areas, underpinned by best-in-class technological expertise and knowhow. Although impacted by near-term sector-wide headwinds, the Group remains profitable and reported 18% year-over-year growth in the third quarter of 2025, its most recent reporting period.
Amara NZero CEO Simon Oakland commented: “We are pleased to have the support of key working capital banks, our principal shareholder and supportive noteholders for a recapitalisation that creates a sustainable long-term capital structure for the business. Like all companies active in energy transition, Amara has been impacted by sector-wide challenges, but with this agreement in place, we have the right foundations to move forward with confidence and accelerate our growth strategy. We are a very strong partner for our suppliers and customers and more focused than ever on delivering our mission to drive the energy transition and achieve a sustainable world.”
It also was agreed by the parties that the Group will not make its scheduled coupon payment to noteholders on 15th January 2026 and will not do so before the end of January, the time at which the parties expect to have finalised the detailed terms of the recapitalisation. Additionally, the working capital banks have agreed to ensure the full availability of these facilities during this period and the majority noteholders have agreed to equivalent standstill arrangements.
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.
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