Holaluz and Banco Santander join forces to lead the installation of solar panels in Spain

• Holaluz offers a comprehensive value proposition in the solar field that accompanies the customer at all time and also includes the management of grants and subsidies, which cover up to 50% of the installation thanks to the Next Generation funds.

Barcelona, 26 January 2023. Holaluz and Banco Santander announce a strategic alliance to promote the energy transition in Spain. The collaboration, which is being activated today in the almost 2,000 branches that the bank has in Spain, as well as through the 1,000 agents and digital channels of the entity, offers Santander customers the possibility of generating their own green energy through the installation of Holaluz photovoltaic panels. This will reduce the electricity bill to zero and reduce CO2 emissions into the atmosphere.

Holaluz, an energy transition technology company, offers a comprehensive value proposition in the solar field that accompanies the customer at all times: from the design of the installation, the management of grants and subsidies (which, today, cover up to 50% of the installation thanks to the Next Generation funds) to the maintenance of the panels, offering guaranteed monthly savings that can reduce the electricity bill to zero. All this is possible thanks to the technological platform developed by Holaluz, together with the power of Santander’s commercial network. In addition, Banco Santander will make available to its customers a green financing line under preferential conditions. With this alliance, Santander also helps its customers in the necessary energy transition. For the bank, as one of the main financiers of the economy, sustainability, in addition to being a great opportunity, is also a responsibility. For this reason, the entity has committed to mobilize 220 billion Euros in green finance from 2019 to 2030 and to accompany customers in their transition to a low-carbon economy, by developing green products and supporting the growth of sustainable finance.

Banco Santander is among the most sustainable financial institutions in the world, according to the Dow Jones Sustainability Index 2022, and among the top three in Europe. The bank continues to make progress in achieving its goals related to the fight against climate change and support for the green transition, in order to reach zero net carbon emissions throughout the group by 2050, in line with the objectives of the Paris Agreement.

Holaluz was born with the transcendent purpose of achieving a 100% green planet. The current climate emergency requires urgent solutions and Holaluz has a structural solution for the entire energy system: The Rooftop Revolution. A movement that transforms every m2 of rooftops into cheaper green electricity for everyone. Spain has great potential for solar generation: more than 1,700 hours of sunshine per year and 10 million rooftops that can be easily transformed into green electricity production - not only for the family underneath, but for the surrounding communities. When The Rooftop Revolution succeeds, there will be clean energy for everyone at one tenth of the current price for the next 40 years. Holaluz is thus betting on the transformation of the current energy model - unsustainable and centralized - towards a fully decarbonized distributed generation model.

Last week, Holaluz was ranked No. 1 in Sustainalytics’ global ESG ranking as an Independent Power Production and Traders company. The company’s ESG (Environmental, Social and Governance) DNA, together with its impact business model that enables it to respond to the global challenge of climate change, positions Holaluz as a key player in the energy transition, demonstrating that it is possible to generate both economic and positive impact for the planet and people.

About Banco Santander

Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial bank founded in 1857 and headquartered in Spain. It has a significant presence in 10 key markets in Europe, North America and South America, and is one of the world’s largest banks by market capitalization. Santander aims to be the best open platform for financial services for individuals, SMEs, companies, financial institutions and governments, and has a mission to contribute to the progress of people and businesses by making things simple, personal and fair. Santander is making progress in responsible banking and to this end has set several goals, including facilitating €220 billion in green finance from 2019 to 2030 and the financial inclusion of more than 10 million people in the same period. At the end of the third quarter of 2022, Banco Santander had €1.2 trillion in total customer funds, 159 million customers, of which 27 million are linked and 50 million are digital, 9,100 branches and 203,000 employees.