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Santander Tips US$50 million into Renewable Energy Loans

USA
Santander
Environmental, Lending, Social and Governance (ESG), Sustainable Finance

(2 November 2020 – United States) Santander’s commercial banking division have recently announced new funding for the renewable energy company ‘DB Energy Assets’ who are based in the United States (US).  The funding will be a US$ 50 million revolving loan which allows the firm to make flexible repayments and re-borrow on the same terms.

The funding will help the firm establish an operating portfolio with long-term contracted district energy systems and cogeneration assets. Santander earns the loyalty of its commercial banking customers by offering services that help manage their operational needs. DB Energy Assets will enable the bank to offer clients environmentally friendly energy alternatives.

“We want to work with companies like DB Energy that are helping their communities by providing important services such as clean energy alternatives that are better for the environment” commented Santander Market Director of Mid-Atlantic Commercial Banking, Joe Sigle

“We serve as trusted advisors to our clients and look forward to continuing to support the financial needs of DB Energy. Whether it is financing similar acquisitions or providing credit, deposit and cash management services, we want to be there to help DB Energy grow its business” he also added.

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