Battery storage firm secures £28.5m of Santander funding

A battery storage and energy flexibility provider has secured £28.5 million in funding from Santander. London-based Battery Energy Storage Solutions (BESS) aims to use the funding to build and operate a 100MW portfolio of grid-scale battery storage assets by the end of 2018. As of the end of 2017, the company owned and operated a […]

Santander inks €400m deal for green lending

Santander has signed an agreement with an EU bank to provide financing for businesses to invest in renewable energy. The deal will help Santander support new green energy projects in Spain, with an investment cost of at least €400 million (£358m). In addition, the European Investment Bank (EIB) will take on a €200 million (£179m) […]

Santander banks on LEDs to halve energy use

Santander is to replace all its lighting with LEDs, thanks to a £17.5 million fund. The UK Green Investment Bank (GIB) and Sustainable Development Capital Limited (SDCL) are investing the cash in what is believed to be the nation’s largest fully-funded LED retrofit programme. More than 90,000 energy-saving lights will be installed across Santander’s 800 […]

$2bn green energy investment firm launched

A $2 billion (£1.3bn) energy investment firm has been launched today. Cubico Sustainable Investments, which is headquartered in London, will manage and invest in renewable energy and water infrastructure assets globally. It is owned equally by Santander and two of Canada’s largest pension funds, Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board. It […]

Santander starts work on 32MW UK solar farm

The largest bank in Spain has started building a giant solar energy farm at a former RAF site in Suffolk. The 31.6MW Broxted Solar Farm will generate 30,200MWh of electricity every year – enough to power 8,000 households – and is expected to cut 33,120 tonnes of carbon dioxide and 94,213 tonnes of nitrogen oxide […]

Allied Glass saves time with energy reporting system

A “revolutionary” new energy reporting service is helping businesses like glass packaging specialist Allied Glass to save time as well as money. The interactive, live, online platform by UK energy consultancy British Independent Utilities (BIU) is meant to help customers manage their energy procurement. BIU which works with firms including Santander, NCP and Odeon Cinemas, […]