Bankinter and Cesce promote the First Green Investment Policy in the Balearic Islands for a solar project in the Dominican Republic

 

In a joint effort to promote sustainability and support businesses in their international expantion, Bankinter and Cesce have formalized a historic agreement. The signing of this Green Investment Policy Not only does it facilitate Estel's growth in the Dominican market, but it also sets a precedent for future sustainable initiatives in the Balearic Islands.

 

Cesce's Green Investment Policy, launched in 2022, is a key instrument to promote projects that align with the EU Taxonomy and the OECD consensus on green operations. This type of coverage reduces the risk of default for loans granted to foreign subsidiaries of Spanish companies, thus promoting investment in renewable energy and other sustainable activities.

 

Bankinter has played a crucial role by providing a $1.5 million loan to Estel, with a term of five years, insured by the Cesce policy. This agreement underlines the bank's commitment to its 2024-2026 Sustainability Plan, which prioritizes sustainable business.

 

Estel, a family business with a solid track record in comprehensive installation projects, is leading the transition to clean energy in the Dominican Republic. Through its subsidiary EdiyoThe company specializes in the development of photovoltaic projects, contributing to the reduction of dependence on fossil fuels and the strengthening of the country's energy infrastructure.

 

Estel's work goes beyond the installation of solar panels. The company continuously monitors its projects, ensuring their optimal performance and maximizing their environmental and social impact. In addition, Estel works closely with local communities, promoting education about the benefits of solar energy and creating employment opportunities.

 

This agreement between Bankinter and Cesce not only promotes the development of renewable energy in the Dominican Republic, but also strengthens the positioning of the Balearic Islands as a benchmark in sustainable financing.

 

Founded in 1995 in Palma de Mallorca, Estel has established itself as a leader in energy, home automation and sustainability solutions. With more than 1.500 projects in 22 countries, the company stands out for its experience, flexibility and team of highly qualified professionals. Its commitment to innovation and social responsibility makes it a reliable partner for large-scale projects.