Santander Climate Tender

Reference: 20240372
Release date: 27 November 2025
Promoter – Financial Intermediary
BANCO SANTANDER SA
Location
Italy
Spain
EU Countries
Description
The operation consists of a framework loan to support Santander in the financing of renewable energy projects in Italy, Spain and the European Union.

Objectives
The project supports national and European targets related to renewable energy generation, primarily involving solar photovoltaic and wind power, and it will contribute to EU energy objectives.

Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 500 million

Total cost (Approximate amount)
EUR 670 million

Environmental aspects
This project is intended to generate environmental benefits by supporting projects that help mitigate climate change. The Bank will assess the capacity and procedures of the financial intermediary to be selected in order to ensure compliance with national and European environmental and biodiversity regulations.

Procurement
Sub-projects need to comply with the EU acquis and the EIB will require to the final recipients under the new portfolio to take all the requisite measures to ensure that procurement procedures carried out will comply with the relevant EU procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.

Status
Signed - 13/11/2025