Solar Energy Production in Brazil to Receive R$ 1.5 Billion Investment Through Partnership Between Santander and European Investment Bank (EIB)

Written by Roberta Souza

Published on 27/07/2023 at 16:25

Updated on 27/07/2023 at 20:35

Imagem: Reprodução Monterre Construtora

Seja o primeiro a reagir!

Santander Brazil and EIB Seal Historic Agreement for Small Investments in Solar Energy

The European Investment Bank (EIB) and Santander Brazil have entered into a historic partnership by signing an agreement worth 300 million euros (approximately 1.5 billion reais) to boost small investments in solar energy in Brazil. According to Terra Notícias, the initiative was finalized during the last European Union summit with the Community of Latin American and Caribbean States held in Brussels.

The funds from the agreement between Santander and the EIB will be directed toward the construction of small-scale photovoltaic solar plants in Brazil, with a special focus on rooftops of residential buildings and commercial establishments. This approach aims to democratize access to solar energy and encourage sustainability in the private sector.

Affordable Rates for Solar Energy Projects and Benefits for Families and Small Businesses

With the financial support from the EIB, loans for solar energy projects will feature competitive rates starting at 1.79% per month and repayment terms extending up to 96 installments. These conditions favor families and small businesses, making investments in renewable sources more accessible and providing savings on electricity bills.

ARTICLE CONTINUES BELOW

Partnership Between Santander Brazil and EIB Contributes to Sustainable Development

The president of the EIB emphasized that the project resulting from this agreement will play a crucial role in supporting sustainable development in Brazil, enabling investments in solar energy projects in the private sector, contributing to the reduction of carbon emissions and air pollution. Furthermore, the project will provide additional renewable energy production capacity in the country.

The European Commissioner for International Partnerships, Jutta Urpilainen, highlighted the significant positive impact of the project on Brazilian families and small businesses. Santander Brazil’s initiative helps strengthen the country’s resilience in the face of global climate challenges and demonstrates a shared commitment to a more sustainable future.

The EU Global Gateway Driving Investments in Solar Energy

The EIB loan to Santander Brazil is an integral part of the investment agenda Global Gateway of the European Union. This initiative aims to support the global development of various sectors, such as infrastructure, digital, climate, transport, health, energy, and education, promoting concrete advances in the adoption of sustainable technologies and combating climate change. The partnership between the EIB and Santander Brazil represents a significant milestone on this path toward a cleaner and more responsible future with the advancement of solar energy.

Solar Energy Production in Brazil to Receive R$ 1.5 Billion Investment Through Partnership Between Santander and European Investment Bank (EIB)

Santander Brazil and EIB Seal Historic Agreement for Small Investments in Solar Energy

Affordable Rates for Solar Energy Projects and Benefits for Families and Small Businesses

Partnership Between Santander Brazil and EIB Contributes to Sustainable Development

The EU Global Gateway Driving Investments in Solar Energy

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Two children were forgotten by school vans on the same day in Greater São Paulo: a 2-year-old girl ran after the vehicle in the middle of the street, and a 5-year-old boy was locked inside for over an hour.

The war in the Middle East has caused the price of rubber gloves to soar by 40%, and analysts warn that hospitals around the world may face shortages of this essential product by the end of May.

Fire survivors who lost 168 people in Hong Kong use robotic legs to climb to the 13th floor and recover their belongings just three hours after being displaced for four months.

Austrian typed his grandfather’s name and discovered in seconds that he joined Hitler’s party days after Germany annexed Austria in 1938: the tool that is shaking families in Europe.

Government enacts new law requiring ex-couples to share custody of pets in case of divorce, with rules for time of cohabitation, veterinary expenses, and loss of ownership in cases of animal abuse.

Solar Energy Production in Brazil to Receive R$ 1.5 Billion Investment Through Partnership Between Santander and European Investment Bank (EIB)

Santander Brazil and EIB Seal Historic Agreement for Small Investments in Solar Energy

Affordable Rates for Solar Energy Projects and Benefits for Families and Small Businesses

Partnership Between Santander Brazil and EIB Contributes to Sustainable Development

The EU Global Gateway Driving Investments in Solar Energy

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Mataripe Refinery takes a decisive step in the energy transition by adopting solar energy, reducing consumption, and signaling a structural change that could impact the refining sector in Brazil.

Solar-powered ice factory in the Amazon that eliminated a 5-hour trip to Manaus, prevents the loss of up to two-thirds of the fish, and now ensures income for more than 30 riverside families.

Goodbye classic tiles: solar tiles lead a sustainable European trend that transforms rooftops into sources of clean energy, reduces electricity costs, and redefines the future of modern construction on a global scale.

Every time a river flows into the sea, an amount of energy equivalent to a 120-meter waterfall is silently wasted, but Japan has just inaugurated the world’s first power plant that captures this waste and transforms it into electricity 24 hours a day without sun, wind, or fuel.

Silicon Valley bets on a 100-hour battery that uses carbon and oxygen to store renewable energy for days and could turn a little-known chemical system into an alternative to critical metal batteries to tackle prolonged blackouts.

Two children were forgotten by school vans on the same day in Greater São Paulo: a 2-year-old girl ran after the vehicle in the middle of the street, and a 5-year-old boy was locked inside for over an hour.

The war in the Middle East has caused the price of rubber gloves to soar by 40%, and analysts warn that hospitals around the world may face shortages of this essential product by the end of May.

Fire survivors who lost 168 people in Hong Kong use robotic legs to climb to the 13th floor and recover their belongings just three hours after being displaced for four months.

Austrian typed his grandfather’s name and discovered in seconds that he joined Hitler’s party days after Germany annexed Austria in 1938: the tool that is shaking families in Europe.

Government enacts new law requiring ex-couples to share custody of pets in case of divorce, with rules for time of cohabitation, veterinary expenses, and loss of ownership in cases of animal abuse.