The social development bank for Europe

Supporting renewable energies through Banco Santander

  • Approval date

    15 June 2018

  • Borrower

    Banco Santander SA

  • Country

    Spain

  • Loan size

    € 200 000 000

  • Line of action

    Climate action: developing adaptation and mitigation measures

  • Status

    Completed

Construction of renewable energy plants such as photovoltaic, wind and biomass power plants aiming to improve protection of the environment and to reduce CO2 emissions.

Final beneficiaries will be Spanish citizens who will benefit from better air quality resulting from a reduction in air pollutant emissions as well as job seekers throughout the country who will benefit from the creation of direct and indirect jobs.

CEB lends €200 million to Banco Santander to finance renewable energy projects in Spain

Press release 18 September 2018

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