Banco Santander said on Wednesday that it has already reached more than 85% of its 2030 green finance target, with EUR 188 billion raised or facilitated since 2019 by the end of June 2026. The Spanish lender confirmed its overall 2030 objective at EUR 220 billion in the same disclosure.
Santander set the EUR 220 billion target for 2019-2030 after reaching its previous goal of EUR 120 billion by 2025 ahead of schedule.
TARGET PROGRESS OUTPACES TIMELINE
The EUR 188 billion figure represents cumulative green finance raised and facilitated since 2019, the base year for the target; Santander mobilised EUR 34.6 billion in 2025 and EUR 14 billion in the first half of 2026 (EUR 7.1 billion in the first quarter and EUR 6.9 billion in the second).
The group did not update the overall 2030 objective in its announcement. EUR 32 billion remains to be mobilised to reach the EUR 220 billion 2030 objective.
In 2025, Santander's financing of greenfield projects added 16.8 GW of new renewable capacity, according to the bank.
PORTFOLIO SPANS RENEWABLES AND GREEN BONDS
Second-quarter deals included Solaria's EUR 300 million capital increase, financing for the Foxtail Flats and Four Mile Mesa solar projects in the United States, and transactions under the European Green Bond standard. According to Infralogic, cited by the bank, Santander was the world's leading bank in renewable energy finance in 2025 by number of transactions and by value, with 100 deals worth EUR 12.244 billion.