Iberdrola reaches agreement with CaixaBank to boost development of solar photovoltaic generation among its customers

Iberdrola and CaixaBank, via its AgroBank specialised agricultural line of business, have entered into an agreement about boosting the comprehensive solar photovoltaic generation solution offered by the electric utility to its customers, Smart Solar Iberdrola, which enables them to generate and consume their own energy by installing this type of technology.

The signing was held at Iberdrola’s offices in Madrid and attended by the Managing Director of Iberdrola Clientes, Aitor Moso; the Chairman of AgroBank, Carme Sabrí; and the Director of Corporate Banking at CaixaBank, Carlos de Parias.

Under the terms of this agreement, CaixaBank will finance the investment required to install solar photovoltaic technology for customers with agricultural and livestock farms.

The agricultural sector will be able to benefit from these conditions: farmers, irrigation communities and livestock farmers, one of the main targets for this new product.  Customers will receive specialised advice at any of the AgroBank offices.

Iberdrola and CaixaBank will work together to track progress in implementing the agreement and implement any improvements that are proposed in order to offer the best service and care to Iberdrola customers that are interested in this product.

Via its AgroBank specialised line of business for the agricultural sector, CaixaBank has registered more than 53,000 new agricultural customers in the last twelve months, reaching a total of 333,000 customers throughout Spain.  Thanks to the customised care offered via its network of offices, consisting of 578 branches and over 2,000 specialised managers, the number of customers has increased by almost 50% on last year.

Comprehensive Smart Solar Iberdrola solution

With this new retail product, Iberdrola offers its customers a streamlined package including the design, assembly and commissioning of a fully customised solar installation, as well as finance, advice, comprehensive maintenance, management and supervision of the facilities via web tools and innovative applications. The company also offers all the back-up energy that may be required.

Thanks to this turnkey solution proposed by the company, domestic customers in single-family homes, SMEs, irrigation communities and large corporations will be able to find out on a non-committal basis if solar energy is an effective alternative for them. If that is the case, they will be able to generate and consume their own electricity, optimising consumption and enhancing the energy efficiency of their facilities.

The company therefore makes it clear that its vocation for service goes beyond the mere provision of an electricity supply, as it reinforces its role in the area of customised advice.

Iberdrola is also intent on continuing to drive the paradigm shift in energy, just as it did 15 years ago with its ground-breaking commitment to wind power, with various innovative proposals for photovoltaic producers and all the customers that would like to make the sun their main source of energy.