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Santander Brasil and EIB sign historic agreement for small investments in solar energy
The European Investment Bank (EIB) and Santander Brasil sealed a historic partnership by signing an agreement worth 300 million euros (about 1,5 billion reais) to boost small investments in solar energy in Brazil. According to Terra Notícias, the initiative was implemented during the last summit between the European Union and the Community of Latin American and Caribbean States, held in Brussels.
The resources from the agreement between Santander and the EIB will be directed towards the construction of small-scale photovoltaic solar power plants in Brazil, with a special focus on the roofs of residential buildings and commercial establishments. This approach aims democratize access to solar energy and encourage sustainability in the private sector.
Affordable rates on solar energy projects and benefits for families and small businesses
With the financial support of the EIB, loans for solar energy projects will have competitive rates from 1,79% per month and payment terms that extend up to 96 installments. These conditions favor families and small companies, making investment in renewable sources more accessible and providing savings on the electricity bill.
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Partnership between Santander Brasil and EIB contributes to sustainable development
The EIB President underscored that the project resulting from this agreement will play a crucial role in support for the sustainable development of Brazil, allowing investments in solar energy projects in the private sector, contributing to the reduction of carbon emissions and atmospheric pollution. In addition, the project will provide additional renewable energy production capacity in the country.
European Commissioner for International Partnerships, Jutta Urpilainen, emphasized the project's significant positive impact on Brazilian families and small businesses. Santander Brasil's initiative contributes to strengthening the country's resilience in the face of global climate challenges and demonstrates the joint commitment towards a more sustainable future.
The EU's Global Gateway driving investment in solar energy
The EIB loan to Santander Brasil 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 in the fight against climate change. The partnership between the EIB and Santander Brasil represents a significant milestone on this path towards a cleaner and more responsible future with the advancement of solar energy.
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