Greenward Partners, the leading green equity company in Spain, is launching a new system to develop and finance energy efficiency and distributed energy assets in the built environment. These projects overcome the current barriers in the sector and channel long-term private investment toward reliable projects.

The main components of our model are:

A technology platform to approve and certify projects using the most rigorous industry standards, which are applied to each and every phase of a deep retrofit project and during its subsequent monitoring and verification.

A cutting-edge risk model that evaluates and weighs more than 20 factors involving investments in energy efficiency, from the initial underwriting and throughout the life of each financing project and at portfolio level.

A two-phase financing process. In the first, Greenward does its own technical and financial de-risking assessment and process, and in the second, we aggregate and refinance our portfolio through our own securitization vehicle, once the underlying cash flows are stabilized.

By structuring long-term financing solutions that match the lifecycle of the underlying energy renovation investments, as well as by mitigating the technical and financial risks associated to those projects, thus attracting long-term institutional capital, we are implementing a novel business model that generates both financial and social returns for all stakeholders. The financial benefits include activating the buildings´green equity and increasing their value. In the social side, benefits include contributing to decarbonization goals of the building environment, improving social and working conditions and increased comfort and wellbeing within those renovated homes and buildings.

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Greenward Finance

Efficient Green Equity

At Greenward, we seek to democratize access to clean, affordable energy by helping to finance projects that improve the well-being and health of people and by providing homes, work places and services that are safer and more comfortable. In doing so, we are aligning the interests of our stakeholders with those of society at large, which is the ultimate beneficiary.

We channel long-term private institutional savings towards the financing of certified renovation projects for residential, community, commercial and industrial buildings, as well as towards innovative projects in distributed, stored and shared energy.

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Greenward Solutions

Smart Energy-Cloud Platform

We promote the development of technological solutions and services that optimize standardise and certify  the design, management, measurement and monetization of distributed, saved and stored energy projects, at the residential, community, commercial and industrial levels.

The “energy intelligence” facilitated by Greenward allows our clients to measure the actual energy savings resulting from their investments in energy efficiency and distributed generation, as well as to monitor and manage their own consumption interacting with sensors and smart data, and “green tag” their real estate and mortgages portfolio. And we’re doing so with a proprietary system for certifying the actual energy savings achieved during the entire payback period.

Greenward Market

Connecting Prosumers

At Greenward we support the development of a market for energy savings certificates (“negawatts”) and a platform for their monetization that relies on Blockchain technology, thereby directly providing a new way to finance projects that save energy and to implement them via international mechanisms to combat climate change.

Greenward Market drives innovation and is helping to accelerate the transition towards a more sustainable, low-carbon economy.


Green Bank

Climate Investment Accelerator

The Paris Agreement on Climate Change presents us with a scenario characterized by a huge investment deficit, estimated in the trillions of euros. This situation calls for urgent measures to optimize the economic efforts made and to catalyze new private capital efficiently and on a large scale.

Organizations such as the Hewlett Foundation, ClimateWorks Foundation, Convergence, Rockefeller Foundation, Rocky Mountain Institute, Green Climate Fund, Green Bank Network, Coalition for Green Capital, OECD, and IADB have set the common goal of disseminating a model for public/private collaboration and financing around the successful Green Bank system.

Greenward endorses the Green Bank model in Spain as a smart, efficient and shared way to attract public and private funds to transform the energy landscape and unlock markets.

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Founder & CEO

Eduardo Brunet has more than 25 years of experience in the sector of corporate finance, the stock market and the renewable energies sector, both from a transactional perspective, and in public and regulatory matters. From his executive positions, first at Banesto, then at the Santander Group, and lastly as the General Secretary of GE Capital Bank, he has carried out intense international finance activity, opened up markets, structures and financial products and led global units in Compliance and Corporate Social Responsibility. He has also served as the General Counsel of Iberdrola Renewables USA, supporting the development of the company in the United States and since 2010, in Spain, he advised the treasury and finance division especially on its capital market transactions and the issuance of Green Bonds. He has also founded and been the CEO of several non-profit organisations in the fields of human rights and third world development and has been Director and President of the Appointments and Remuneration Committee of Bonsucro, the global platform for the sustainability of the sugar cane industry.


Founder & Managing Partner

Over a professional career of more than 25 years, Fernando has worked in the field of engineering and consulting, both in strategic consultancy and investment banking, in Financial Management and Global Operations. He has been involved in different sectors (real estate, energy, banking, Internet), and has held executive positions working for international corporations such as GE, Accenture, Santander, Endesa and Enel in Spain, Italy, the United Kingdom and Poland. Fernando has served as Executive Assistant to Enel’s CEO for the Iberian Peninsula and Latin America, with a special emphasis on sustainability issues and climate change with the European Commission and other Supranational Institutions. More recently, in his position as Head of the Real Estate department at Endesa, Fernando has managed an important portfolio of assets and managed very significant real estate operations. Among other projects, he has designed and implemented a complete plan for the portfolio optimisation of offices. Since 2017, he has been Adjunct Professor in Corporate Real Estate at IE University. Fernando is an Industrial Engineer from the Polytechnic University of Madrid and holds a degree from the Executive Management Program (PADE) of the IESE.



Estanislao de Aranzadi has more than 25 years of experience in Investment Banking and direct investment. He developed his career in Investment Banking over 18 years at Banco Santander, in different management positions such as Managing Director, leading and implementing mergers and acquisitions, initial public offerings, takeovers, asset restructuring, issues of ordinary capital and debt, and regulatory capital, in different countries in Europe and Latin America. In recent years, he has been an investor in start-ups in different sectors, mainly social and environmental impact, essentially through Creas, a pioneer and leader in Spain in Impact Investment, where he is a Partner and member of the Advisory Board; he has also served as a Director of Creas, as well as Vice-President of the sustainable investment forum in Spain, Spainsif. He holds a degree in Economics and Business from the Complutense University of Madrid and an MBA from INSEAD in Fontainebleau (France).



An expert in the world of business and finance with almost 30 years of experience. At present he is a director and adviser of innovative companies and start-ups.
He worked at BBVA for 28 years. In recent years he has devoted his time to boosting the digital transformation of B2B business, the digitalisation of business models and client management, and the design of digital transformation plans of the B2B Units of the entire Group. Previously, he had acquired extensive experience in capital markets, client coverage, financial planning, relationships with investors, business development, strategy and internationalisation.
During this time, he has led teams, both local and global, of hundreds of people and small and agile high-performance collaborative teams.



Member of the highest Corp of Civil Servants in the economic departments of Government, has a public and private career that expands over 35 years. For the Ministry of Economy he has served various senior offices in Spain (President of CESCE, General Manager for commercial policy and investments, Senior Advisor for the Treasury) and abroad (Embassy commercial attache in Ivory Coast and Marroco and Executive Director at the IADB in Washington). In the private sector, Alvaro has been President for Bombardier (Spain and Portugal) and International Managing Director for Grupo Pascual and Corsan/Isolux . He has served as Independent Board Director for Bankia (2012-2017), Board Director for Banco Exterior de España, ICO and other public companies. He is President of the Amref Foundation in Spain (distinguished with the 2018 Princess of Asturias Award) and Board member to the Créate Foundation. Holds a Buisness Ba from CUNEF University, a Master form SAIS Johns Hopkins University and a senior executive programme at the Singularity University. Bilingual in spanish, french and English, has lived 15 years abroad (Colombia, Canada, USA, Ivory Coast and Marrocco).


General Secretary of the Board

María Segimón de Manzanos holds a degree in Law and a Degree in Business Management and Administration from Comillas Pontifical University- ICADE), and she undertook a program in Senior Management at the IESE. Up until June 2019 she was an independent director of Hispania Activos Inmobiliarios Socimi, S.A., President of its Appointments and Remuneration Committee and a member of its Executive Committee and its Audit and Control Committee. She is a director of Moove Cars S.L. She was an independent director of Axiare Patrimonio Socimi SA and chaired its Appointments and Remuneration Committee. She was a member of the Advisory Board of CBRE in Spain, a member of the Board and the general secretary of the board of directors of CBRE Global Investors, a member of its steering committee and General Counsel y compliance officer of this management committee for Spain and Portugal. She was head of corporate legal consultancy for Ferrovial, a member of the board of directors of the Polish listed company Budimex and the board of directors of Habitat Inmobiliaria. She has been a corporate partner of Clifford Chance and DLA Piper in Spain, specialising in M&A in capital markets, offering a cross-cutting vision in the infrastructure, energy, real estate and industrial sectors.


Strategy & Finance Manager | Board Member

Juan Carlos is an experienced management consulting and finance professional. Prior to joining Greenward, Juan Carlos worked at Oliver Wyman, where he had the chance to work on multiple strategic engagements across Spain and the UK, advising leading clients in the private equity, telecommunications, banking, retail, catering, insurance and social sectors. Juan Carlos has also held roles in investment banking (M&A), with Deutsche Bank, and in engineering, with Acerinox (stainless steel manufacturer) and Dragados UK (civil engineering company). Juan Carlos holds a Master of Industrial Technology & Operations from Illinois Institute of Technology, a M.Sc. in Industrial Engineering from Universidad Pontificia de Comillas – ICAI, and a B.Sc. in Electromechanical Engineering from the same university, including a one-year exchange program at Johns Hopkins University.

Advisory Board

A. Bonime-Blanc linkedin

Andrea Bonime-Blanc is the founder and CEO of GEC Risk Advisory, a strategic management, risk, ethics and cybersecurity advisor to company executives and directors, government agencies and NGOs.

She is Independent Ethics Advisor to the Financial Oversight and Management Board for Puerto Rico, a body created by the U.S. Congress to oversee the restructuring of its debt.

Before founding GEC Risk, for more than 20 years she held senior executive positions (including legal adviser, adviser on ethics, compliance, risk, auditing, EHS and director of information security) in multinational companies such as Bertelsmann, Verint and PSEG.
She works as a start-up mentor at Plug & Play Tech Centre and is the author of different articles and books including Gloom to Boom: How Leaders Transform Risk into Resilience and Value (Routledge 2019).

She is also a member of the Scientific Committee of NYU Ethical Systems in the USA and and Corporate Excellence in Spain and Governance leadership Fellow of NACD (National Association of Corporate Directors) in the USA.

Andrea L. Colnes linkedin

Andrea serves as International Development Director of Green Banks for the Coalition for Green Capital (CGC) where she leads efforts to bring the Green Bank model to developing countries.

Andrea forms part of the Secretariat of the Green Bank Network, and is bringing together efforts to launch a new Green Bank Design Platform.

Andrea has directed strategic campaigns focused on energy, soil conservation on a large scale and sustainable forestry over a professional career of more than 30 years. She was also the founding Executive Director of the Northern Forest Alliance, the Energy Action Network and has managed the national policy and the research of atmospheric carbon for the Biomass Energy Resource Center (BERC). Andrea holds a degree in Political Science from Williams College and a Master’s in Wildlife Conservation from the University of Maine.

Bryan García linkedin

Bryan García is President and CEO of Connecticut Green Bank. He was also program director of the Yale Center for Business and the Environment and climate change Coordinator of the Connecticut Clean Energy Fund.

Bryan is Co-chair of the Financing Solutions Working Group of the State Energy Efficiency Action Network, he is a member of the advisory board of the Institute for Sustainable Energy at Connecticut State University, the Yale Center for Business and the Environment, the Institute for Sustainable Communities and he recently also joined the Board of Directors of Sustainable Connecticut.

He holds a degree from Yale and the NYU Stern School of Business and has served as a volunteer in the US Peace Corps.

Carlos Gascó linkedin

He holds a degree in Economics and Business Administration and Management from the Autonomous University of Madrid. In 1998 he was Chief of Staff of the Secretariat of State for the Economy and Energy and had previously served as Adviser of the Spanish Vice-President of the Government and Secretary of the Treasury.

In 2007 he joined Iberdrola Renovables as Head of the Prospective Department, and in January 2011 he joined as a Senior Analyst, the Management of Renewable Energies of the International Energy Agency in Paris.

In 2012 and 2013 he returned to the public sector as a Senior Advisor to the Ministry of Energy and later as Director of the Office of the President of SEPI (Spanish state holding company). From 2013 until 2018 he served as Senior Advisor of Corporate Affairs at Iberdrola. At present, Carlos is Executive Director of Energy Policies and President of the Committee on Tariff Structure and Price Subsidies of Electricity in the Energy Department of the Emirate of Abu Dhabi in the UAE.


Diego Valero linkedin

Diego Valero has held important roles throughout his career such as Honorary President of the MBA and Executive MBA of ICADE, Academic Director of the Global Pensions Programme of the London School of Economics, President of the Consultancy firm Novaster and Consultant for the European Commission, the OECD and the IDB.

His trajectory also notably includes his work as President of OCOPEN (Spanish Organisation of Pension Consultants), Vice-President of Spainsif (Spanish Socially Responsible Investment Forum), President of the Scientific Committee of LIFE Colloquium 2017 of the International Association of Actuaries and member of the Parliamentary Committee of the Toledo Pact for pension reform.

He also translated the book by Peter Diamond (Nobel Prize for Economics 2010) and Nicholas Barr: ‘Reforming Pensions: Principles and Policy Choices’.

Ignacio Pérez de Herrasti linkedin

Ignacio has more than 25 years banking and finance with an international expat experience and successful track record in deal-making as well as managing large corporate clients coverage, mainly focused on power and O&G sectors (gas-fired and renewable generation, power transmission, regasification and pipelines etc). Managing Director for Latin America Client Coverage, Worldwide responsible over all the Spanish Utilities and Oil&Gas Companies, expert in Asset Based Finance Activity and M&A corporate finance transactions.

Javier Manzanares linkedin

Javier Manzanares is currently the Executive Director ad interim at GCF.

Javier joined the Fund in 2014 as the CFO & Director of Support Services, and then became the Fund’s Deputy Executive Director in 2018.

Prior to his current role, he was Director and Representative of UNOPS in the MERCOSUR region, based in Argentina. He was formerly Division Manager of Investment and Development Banking at the Central American Bank for Economic Integration. Javier also worked as the Executive VP for two privately held banks of Grupo Fierro. His career in banking and finance began with Banco Santander/BSCH in the United States, Hong Kong and Japan. Javier holds a dual MBA from Northwestern University / Kellogg (USA), an EMBA from Hong Kong University of Sciences & Technology (China), and is currently a Ph.D. candidate at INHA University in the Republic of Korea.

Jorge Montes linkedin

Jorge has more than 37 years Corporate experience with more than 10 years expat experience and successful track record in turnkey project including associated financing, mainly focused on Energy and Aeronautical sectors.
President Rolls-Royce plc. in Spain, General Manager GE Power Systems South of Europe, General Manager GE Power System Latinamerica, board member of several companies and advisor of several Private equity funds.

Miguel Salís linkedin

Miguel Salís Canosa is founder and Chairman of Kira Renovables, a Spanish renewable energy start-up focusing on solar PV, wind and mini-hydro electricity generation. Prior to founding Kira, he was founder and CEO of Eolia Renovables, the largest independent renewable energy electricity generation in the Spanish market. In the late nineties he was a pioneering investor in the development of wind and solar PV projects in Spain.

Prior to becoming involved in renewable energy, he was a tech entrepreneur, as co- founder and CFO of Jazztel, one of Spain ́s early competitors to Telefónica and today one of Spain ́s largest broadband providers.

Before that he worked for fifteen yeards as an investment banker in London and Madrid with, among others, Lehman Brothers and Salomon Brothers.

He holds a M.Sc in Industrial Engineering from the Polytechnical University in Madrid, with a major in energy, and an MBA from Columbia University.


Peter Fusaro linkedin

Peter Fusaro is one of the leading experts on the financing and marketing of renewable energies and clean technologies as well as ESG impact investing in the United States, Asia and Europe.

He is Chairman of Global Change Associates, the founder of the Annual Wall Street Green Summit ( and a jury member of the prestigious Greentech Open.

During the 80´s he worked at the Mayor´s Office of New York on energy efficiency programs and in the 90´s he was part of the development team of the Toyota Prius.

Peter Fusaro is the author of several books on energy and the environment, including the NY Times best seller “What Went Wrong at Enron”.

He is the creator of the term “Green Trading” which describes the triple convergence of trading in emissions, renewable energy and efficiency.

He has served as professor at Columbia University´s School of International & Public Affairs, and holds degrees from Carnegie Mellon and Tufts University.

Steven Fawkes linkedin

Steven Fawkes has more than 30 years of experience in the field of energy efficiency. During his extensive career he has produced important energy management programs and has co-founded energy service companies and led innovative transactions of energy services.
Fawkes is also the founder of EnergyPro, a business group that provides guidance, manages assets and invests to speed up the energy transition and he is a member of the Investment Committee of the pioneering and successful London Energy Efficiency Fund.

He is the promoter in Europe of the Investor Confidence Project and the energy monitoring platform OPEN EE.

He has received prizes from the Energy Institute, the American Council for an Energy Efficient Economy and the India Business Group.

He is the author of “Energy Efficiency: The Definitive Guide to the Cheapest, Cleanest, Fastest Source of Energy”, and has also written more than 350 publications on energy efficiency and sustainable investment and he gives talks around the world.

He holds degrees from Birmingham, Cambridge and a doctorate from Stirling.


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