EnergyWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas awaits clarity on major US green energy funding

After a second quarter that, to put it mildly, was disappointing on order intake, the Danish wind turbine manufacturer intends to maintain its price strategy. Major green energy funding from the US spells promise, but Vestas is waiting for final clarity.

Media: Russia blocks Western utilities' asset sales

According to Russian media Kommersant, the country’s authorities have frozen divestments of, among others, Enel and Fortum’s power plants and wind farms. The Finnish utility is analyzing the situation, however without confirming implication.

Further reading

Related articles

Latest News

See all jobs