EIB and Santander collaborate on loans to renewables

The two banks will share the risk on loans to companies which operate in the field of renewable energy. They are prepared to offer loans of more than one billion euros.

The European Investment Bank and Spain's Banco Santander have signed two deals with Investment Plan for Europe. They are ready to put more than a billion euros into businesses.

In the first deal, the two banks will finance new sustainable energy projects for at least EUR 400 million. The European Investment Bank (EIB) will be liable for EUR 200 million in Santander's loan portfolio which covers renewable energy and infrastructure.

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