Under the agreement, YPF Solar will lend its expert teams and network of installers, and Santander will extend credit to households and businesses across Argentina to buy energy-efficient equipment.

YPF Solar sells solar energy kits, energy storage and renewable self-generation solutions.  Santander Argentina offers competitive fixed and variable loans with terms of up to four years for households and businesses to finance their energy projects, net of tax.

The agreement forms part of Santander’s sustainability strategy to get its own operations and its customers' emissions carbon neutral by 2050.

Swapping traditional energy sources for green energy lowers operational costs and heating bills, reduces greenhouse gas emissions and dependency on fossil fuels, and makes energy consumption more efficient.

Buenos Aires, 11 April 2023.
Santander and YPF Solar announced today an agreement to finance and supply solar energy kits, energy storage and renewable self-generation solutions to people and businesses in Argentina. The partnership between the two leading companies will enable households and businesses in Argentina to transition to green energy faster.

Under the agreement, YPF Solar's expert teams and network of installers will administer solar energy kits, energy storage and renewable self-generation solutions. Santander Argentina will provide fixed and variable loans with repayment terms of up to four years so borrowers can consume energy more efficiently and save significantly on energy bills. Loans will be to finance up to the entirety of an energy project, net of tax.

“This agreement is vital, as it enables us to provide our customers with another way of tackling their renewable energy goals. The financing and savings it will bring about are attractive”, said Rodrigo Alonso, CEO of YPF Solar.

“We’re proud to help people and businesses find green energy solutions. By transitioning to renewable energy not only will they reduce operational costs, but greenhouse gas emissions as well.  What’s more, the structure of the loan means that their investment will eventually pay for itself through what they save on their electricity bills”, said Ignacio Lorenzo, Head of Global Debt Financing at Santander Argentina.

The agreement forms part of Santander’s sustainability strategy to get its own operations and its customer emissions carbon neutral by 2050, conserve 6,000 hectares of native forests to trap CO₂ and pinpoint areas to improve efficiency through the Global Greenhouse Gas Inventory (GEI).

About Santander Argentina

Santander is Argentina’s leading bank by number of deposits. It has 300 traditional branches, 8 social inclusion branches, 3 digital branches, 5 Work Cafés and over 4.5 million customers (2.5 million digital customers, over 320,000 SMEs, and 1,300 business customers). It has over 7,000 employees and operates in the city of Buenos Aires and in 22 provinces. 

Santander's purpose is to help people and businesses prosper by promoting inclusive and sustainable growth. It runs several environmental, social and governance initiatives.

As part of its commitment to the environment, Santander is carbon-neutral and runs carbon offsetting programmes based on energy efficiency and environmental alliances. Its branches use solar panels and other sustainable technology systems for saving energy.

Santander is helping its customers transition to a low-carbon economy. It has issued 12 green, sustainable and sustainability-linked bonds, and led the first issue of a green bond by a city in Argentina, Córdoba.

To find out more, go to: www.santander.com.ar/compromisosantander

About YPF Solar

In 2019, YPF S.A. acquired Sustentator, a leader in renewable power generation in Argentina since 2009.  The deal reaffirmed YPF’s commitment to transition towards clean and green energy. Our mission is that our products and solutions empower people and businesses to generate renewable energy, optimize resources and help protect the environment.

Read more news from Santander Argentina in its press room