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SAN share (Madrid) Negativo_GB 3.651 | -2.9% | 13:13

Financing renewable energy projects

Financiación energías renovables

Banco Santander contributes to the global objective of fighting climate change by providing financial solutions and via its leadership position in renewable energy at the international level. Furthermore, Santander has known how to adapt to market changes, taking advantage of new business opportunities that have arisen.

This commitment is reflected through various financial products and services, and the commitment that the Bank does for the financing of renewable energy, through:

  • Project finance
    The Bank finances the construction and operation of wind farms, PV solar plants, solar thermal facilities and hydro and biomass plants, with a total installed capacity of 3,205 MW, involving projects in Brazil, Canada, Chile, USA, Italy, Mexico and the UK.
  • Seed and risk capital investment
    In these kinds of projects the Bank acts as a developer. In 2012, Santander invested in projects that, once built, will amount to a total installed capacity of 2,827 MW, mainly in Brazil, Mexico, Chile, Uruguay, USA, Spain, the UK, Italy and Australia. The projects involve wind, PV solar, solar thermal, minihydro and biomass power.
  • Solar leasing
    In 2012, a total 161 photovoltaic leasing operations were carried out in Spain and Portugal, representing an investment of EUR 14.8 million.
  • Sale and lease back
    In 2012, the Bank carried out its first capital investment in renewable energy projects via Sovereign. The Bank participated in a 102.5 MW solar power project in California and a 23 MW wind power project in Puerto Rico.
  • Bridge equity
    In 2012, Santander invested in the development of two solar thermal plants in the US and a third in Spain. Together they will have an installed capacity of 330 MW, with commissioning scheduled for 2013.

In total, in 2012 the Bank financed renewable energy projects in Spain, Brazil, Canada, Chile, the US, Italy, Australia, Mexico, UK and Uruguay, with a total capacity of 6.487MW.

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