Wpd sets 927-MW Gennaker offshore wind project in motion
Jul 04, 2022 16:47 CESTSpain's Banco Santander sets up renewables investment platform
Wind farm. Author: fantastklywell.
March 24 (Renewables Now) - Spanish lender Banco Santander SA (BME:SAN) said today that it has established Santander Green Investment, a platform to invest in renewable energy projects that are under development or construction.
The platform has already made its first investment by acquiring stakes in nine solar and wind projects in Spain with a combined capacity of around 500 MW, the bank said.
Santander Green Investment will self-govern, and have a special committee to approve investments. Its investment framework is such that it can grant renewable energy projects the bank guarantees that they need and set up partnerships with experienced developers in the sector, the lender further added.
As a financier of renewable energy projects, Banco Santander mobilised EUR 65.7 billion (USD 72.2bn) between 2019 and 2021, it highlighted.
(EUR 1.0 = USD 1.099)
More stories to explore
Industry groups call for Ukrainian reconstruction based on renewables
Jul 04, 2022 16:44 CEST
Nordic Solar buys 220 MWp of solar projects in Sweden
Jul 04, 2022 15:22 CEST
Lukewarm interest in Chile's 2022 power auction
Jul 04, 2022 14:59 CEST
Germany to spend EUR 3.6bn on green hydrogen
Jul 04, 2022 14:32 CEST
Corio, local partner to target Celtic Sea floating wind rights
Jul 04, 2022 14:29 CESTShare this story
Tags
About the author