Santander is more than 85% of the way to its 2030 green finance target
The Spanish bank has mobilized 188 billion euros in green finance since 2019, hitting 85% of its 2030 goal five years early, after already surpassing an earlier 2025 target eighteen months ahead of schedule.
Spanish bank Santander said it mobilized 14 billion euros in green finance in the first half of 2026, bringing its cumulative total since 2019 to 188 billion euros, more than 85% of the way to its goal of 220 billion euros by 2030. The bank had already hit an earlier target of 120 billion euros by 2025 eighteen months ahead of schedule.
Santander's green finance spans project finance, green bonds, export finance and advisory services to help clients shift to a lower-carbon economy. In 2025, the bank's strongest year yet for sustainable finance, it mobilized 34.6 billion euros, a 29% increase over the prior year, and financed or oversaw renewable energy projects representing 16.8 gigawatts of new capacity.
Recent deals include a 300 million euro capital raise for clean energy developer Solaria to expand its renewable energy, storage and data center infrastructure, along with financing for two U.S. solar and storage projects, Foxtail Flats and Four Mile Mesa. "The bank continues to pursue its aim to support customers in their transition by providing finance for activities and initiatives in renewable energy and other solutions," the company said in a statement.
Based on reporting by Mark Segal for ESG Today. Read the original: https://www.esgtoday.com/santander-passes-85-towards-2030-green-finance-goal/
This article was produced with the assistance of AI tools and reviewed by an editor before publication.
