Banco Santander, Holaluz to promote self-consumption solar in Spain

• Banco Santander (BME: SAN) will start using its clients a product that will enable them to obtain financing to equip their homes with photovoltaic (PV) panels, the Spanish lender claimed on Friday.

The Madrid-based bank will certainly companion in the campaign with domestic green power distributor Holaluz Clidom SA (BME: HLZ).

The partnership will see Banco Santander disperse Holaluz's product or services, namely the layout and also installation of photovoltaic panels as well as their succeeding maintenance, via its network of 2,000 branches in Spain, as well as with its digital channels. The bank will additionally provide its clients financings for the installation at special problems.

Homeowners enlisted in the programme will certainly be able to cut their electrical power expenses and also aid reduced carbon dioxide (CO2) emissions, Banco Santander kept in mind.

The Spanish lender has promised to mobilise EUR 220 billion (USD 239.5 bn) in green financing in between 2019 as well as 2030 as well as establish green products to support the power transition. It has set a goal for its very own operations to become net zero carbon by 2050.