Santander
HQ: Spainlisted on Coalpolicytracker.org

| Expansion | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Loans | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Underwriting | 2022 | 2023 | 2024 | 2025 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Duke Energy CorporationDuke Capital Financing Trust I, Duke Capital Financing Trust II, Duke Energy Capital Trust II, Duke Energy Carolinas LLC, Duke Energy Florida LLC, Duke Energy Florida Project Finance LLC, Duke Energy Indiana LLC, Duke Energy Kentucky Inc, Duke Energy Ohio Inc, Duke Energy Progress LLC, PROGRESS CAPITAL HOLDINGS INC, Progress Energy Inc (based on GCEL 2025) | $56M | $43M | $75M | $48M | $46M | $63M | $46M | $50M | $102M | $107M | $121M | $98M | $427M | |||||||||||||||
| The Southern CompanyAlabama Power Capital Trust I, Alabama Power Capital Trust II, Alabama Power Capital Trust III, Alabama Power Capital Trust V, Alabama Power Co, Georgia Power Capital LP, Georgia Power Capital Trust, Georgia Power Capital Trust II, Georgia Power Capital Trust III, Georgia Power Capital Trust V, Georgia Power Capital Trust VI, Georgia Power Capital Trust VII, Georgia Power Co, Southern Co Capital Funding Inc, Southern Co Capital Trust I, Southern Co Capital Trust II, Southern Co Capital Trust III, Southern Co Capital Trust IV, Southern Co Capital Trust V, Southern Co Capital Trust VI, Southern Company Gas Capital Corporation (based on GCEL 2025) | $9M | $8M | $8M | $16M | $10M | $61M | $8M | $25M | $18M | $61M | $111M | |||||||||||||||||
| RWE AGRWE Finance US, LLC, RWE Power AG (based on GCEL 2025) | $19M | $76M | $19M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $76M | $95M | |||||||||||||||||||||
| TAURON Polska Energia SA | $77M | $77M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $77M | |||||||||||||||||||||||
| Thiess Pty Ltd | $77M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $77M | $77M | |||||||||||||||||||||||
| Glencore PLCBulga Coal Management Pty Ltd, Carbones del Cerrejon Ltd, Finges Investment BV, Glencore Australia Holdings Pty Ltd, Glencore Capital Finance DAC, Glencore Finance (Bermuda) Ltd, Glencore Finance (Canada) Ltd, Glencore Finance (Europe) Ltd, Glencore Funding LLC, Glencore Group Funding Ltd, Glencore International AG, Glencore (Schweiz) AG, Hail Creek Joint Venture , Rolleston Coal Holdings Pty Ltd, Ulan Coal Mines Ltd, Wandoan Holdings Pty Ltd (based on GCEL 2025) | power, mining | $15M | $37M | $23M | $15M | $37M | Not On GCEL Change in Company Structure | $23M | $75M | |||||||||||||||||||
| Eneva SA | $62M | $62M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $62M | |||||||||||||||||||||||
| PGE Polska Grupa Energetyczna SAPGE Elektrownia Be?chatów SA, PGE Energia Ciep?a SA, PGE Kopalnia Wegla Brunatnego Belchatow SA, PGE Sweden AB, PGE Gornictwo i Energetyka Konwencjonalna SA, ZEW Kogeneracja SA (based on GCEL 2025) | $45M | $9M | Not On GCEL Change in Company Structure | $45M | $9M | $54M | ||||||||||||||||||||||
| Comision Federal de Electricidad EPE (CFE) | $5M | $5M | $3M | $3M | $19M | $15M | Not On GCEL Change in Company Structure | $8M | $24M | $18M | $50M | |||||||||||||||||
| The AES CorporationAES Andes SA, AES Argentina Generacion SA, AES Indiana, AES Mong Duong Power Co Ltd, AES Ohio, DPL Capital Trust II, DPL Inc, Empresa Electrica Angamos SpA, Empresa Electrica Cochrane SpA, IPALCO ENTERPRISES INC, Mong Duong Finance Holdings BV (based on GCEL 2025) | $18M | $2M | $29M | $18M | Not On GCEL Change in Company Structure | $2M | $29M | $49M | ||||||||||||||||||||
| BHP Group LtdBHP Billiton Finance BV, BHP Billiton Finance Ltd, BHP Billiton Finance plc, BHP Billiton Finance (USA) Ltd, BHP Finance Ltd, Hunter Valley Energy Coal Pty Ltd, WMC Finance (USA) Ltd (based on GCEL 2025) | mining | $29M | $18M | Not On GCEL Change in Company Structure | $29M | Not On GCEL Change in Company Structure | $18M | $47M | ||||||||||||||||||||
| PPL CorporationKentucky Utilities Co, LG&E and KU Energy LLC, Louisville Gas & Electric Co, PPL Capital Funding Inc (based on GCEL 2025) | $30M | $3M | Not On GCEL Change in Company Structure | $33M | Not On GCEL Change in Company Structure | $33M | ||||||||||||||||||||||
| Trafigura Group Pte LtdTrafigura Group Pte Ltd (based on GCEL 2023) | 0 | $22M | $9M | $22M | $9M | Not On GCEL Change in Company Structure | $30M | |||||||||||||||||||||
| NRG Energy IncNRG Finance Co I LLC (based on GCEL 2025) | $16M | $ | $8M | $2M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $23M | $2M | $26M | |||||||||||||||||||
| Enel SpAEnel Finance International NV, Enel Investment Holding BV, Endesa Financiacio?n Filiales SA, Enel Finance America LLC (based on GCEL 2023) | $14M | $10M | $14M | $10M | Not On GCEL Change in Company Structure | $24M | ||||||||||||||||||||||
| ORLEN SAEnerga Finance AB, Energa SA (based on GCEL 2025) | $4M | $1M | $5M | Not On GCEL Change in Company Structure | $1M | $4M | $5M | $11M | ||||||||||||||||||||
| TXNM EnergyTXNM Energy, NM CAPITAL UTILITY CORP, Public Service Co of New Mexico (based on GCEL 2024) | $10M | Not On GCEL Change in Company Structure | $10M | Not On GCEL Change in Company Structure | $10M | |||||||||||||||||||||||
| Uniper SEUniper Kraftwerke GmbH (based on GCEL 2025) | $2M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $2M | $2M |