Santander makes adjustments and improves financing conditions for solar energy incentive projects
During Environment Week, the bank Santander will take another step towards the sustainability of agribusiness. In this way, Santander Financiamentos, in order to improve the conditions of entrepreneurs rural areas, implemented yet another incentive to increase the use of solar energy in the countryside.
For the installation of this novelty, the minimum interest rates were reduced from 0,79% pm to 0,74% pm With regard to the installment period, this also increased, from 76 to 96 months, and with a 120-day grace period for payment of the first plot.
This financing serves everyone, whether large companies or not, as well as individuals who want to install solar energy panels in their homes. Therefore, to have access to this line of credit, it is not necessary to be a Santander account holder.
"The sun is one of the best sources of clean energy generation in agribusiness, both because it is an inexhaustible source and because of its minimal environmental impact. Our financing solution was specially designed so that the maturation of the investment made by the producer coincides with the growing benefits brought by this type of energy production, which can reduce the electricity bill by 90%”, points out André Novaes, current director of Santander Financiamentos.
For the grace period of 120 days, before the first payment, it was decided based on market data, which point out that this period is necessary to start the effective production of solar energy. Therefore, during this period, the customer can wait for procedures, such as importing equipment and installing the system.
"Brazilian agribusiness has always been concerned with optimizing its production, and photovoltaic energy generation is heading exactly in this direction, not only because it meets the sector's sustainability agenda, but also because it is demonstrably viable from a financial point of view.”, concludes Carlos Aguiar, current Director of Agribusiness at Santander Brasil.
Online Budget Research
The budget search is very simple, just enter the website: www.santander.com.br/agrosolar. With this, the producers can make the budget of the project in a completely online, using only the basis of the current cost of electricity, and has up to four minutes to receive the credit approval response. When the credit is approved, +Vezes Santander – a Financiamentos program that offers products or services with longer terms, without using the credit card limit – releases the resource to the distributor.
According to the Brazilian Association of Photovoltaic Energy, Absolar, since 2012 until now, energy production with the help of sunlight has reached 8,4 GM; preventing more than 8,3 million tons of carbon dioxide from being thrown into the environment.
Currently, with a 42% share, Santander is at the forefront of photovoltaic financing in Brazil, which stimulates the growth of the same segment here in the country. Santander, works with the BNDES lines, for investments in the innovation sector to increase productivity, improve management and implement sustainable practices.
For the solar energy sector, in the first months of 2021, Santander Financiamentos helped to carry out 78% more loans, when compared to the same period of 2020. The financial sector is currently working with more than 100 distributors and integrators of solar distributed generation systems, which is enabled for sale.
About Santander Brasil
Here in Brazil, Santander started its activity in 1982, and had the acquisition of more than 70 banks, created competitive Wholesale and Retail structures. It is part of the Santander Group, the largest bank in the euro zone by market value, with a significant presence in over 10 key countries in Europe and America.
It is, today, the only international financial institution that has a strong presence in Brazil, as it has more than 44,8 thousand employees, more than 3,5 thousand branches and Bank Service Points, the PABs, approximately 36,5 thousand self-service, in addition to regional offices to serve more than 28,4 million active customers.
It was elected the most sustainable bank of the year by the Guia Exame Melhores do ESG in 2021. Santander Brasil seeks to promote, more and more, inclusive and environmentally responsible businesses. Since 2016, Santander has been strengthening its service structure for the sector.
