Banco Santander has raised or facilitated €188 billion in green finance as of the first half of this year, reaching more than 85% of its €220 billion target for the end of the decade.
The Spanish bank mobilised €14 billion in green finance during H1 2026 (€7.1 billion in Q1 and €6.9 billion in Q2), which provided ‘finance for activities and initiatives in renewable energy and other solutions that enable them to drive through their plans to transform to a low-carbon economy’, it said in a statement.
As an example, in the second quarter, Santander took part in Solaria’s €300 million capital increase to roll out clean energy infrastructure for data centres, wind power and battery storage, while also providing financing for the Foxtail Flats and Four Mile Mesa Solar and Storage projects in the United States.
Elsewhere, the bank said that it took on ‘several leadership roles’ in transactions under the European Green Bond (EuGB) standard.
Green finance
Last year, Santander raised or facilitated €34.6 billion in green finance, a 29% increase on the previous year. As of the end of 2025, this brought the bank’s cumulative total to €174 billion mobilised since 2019.
The bank completed some 100 renewable energy financing deals during 2025, a 22% increase on the previous year, with a combined value of €12.244 billion. It added that the renewable energy greenfield projects that it financed or oversaw last year represented 16.8GW of new generation capacity.
The bank‘s 2030 target was established after Santander reached its earlier €120 billion target ahead of its 2025 deadline.
‘Green finance is part of Santander’s strategy to support its customers through the transition and to harness the business opportunities on the back of the transformation of such sectors as energy, transport, industry and construction to move towards a more sustainable economy,’ Santander said in a statement.
The bank added that according to Infralogic, Santander was the ‘world’s leading bank in renewable energy finance by number of transactions and by value’ in 2025. Read more here.
