NEWS

15 OCT 2019

Univergy International and Abanca renew their collaboration in order tuo boost sistainability througth renewable installations in farming and livestock explotations.

Ignacio Blanco, presidente y CEO de UNIVERGY International, y Alfonso García, coordinador de ABANCA Agro renuevan su acuerdo de colaboración
  • The two entities give a new push to a text that was born in 2018 and is committed to the implementation of renewable energies in agricultural and livestock farms.
  • The bank offers Univergy clients flexible funding for the deployment of the technology of Spanish-Japanese firm, especially  in the fields of solar, wind and biomass energy

Madrid, 15th October 2019.- ABANCA and UNIVERGY International have just relaunched the joint work that hold from last year, thanks to a new collaboration agreement. The new products, specially designed, seek the funding of the investments in renewable energies installations (solar, wind and biomass) aimed at improving the technological and productive capacity of the agricultural and farming exploitation throughout the national territory.

Ignacio Blanco, president and CEO of UNIVERGY International, and Alfonso García, ABANCA Agro coordinator, signed a text that allows both entities advance in the application of a financial offer for the customers of the Spanish-Japanese company in order to boost sustainability.

Specifically, the renewed agreement makes the specific offer of the financial entity for the sector available to this group. Both the loan for agriculture and livestock investments, which offers a long term of amortization up to 12 years and erases the main commissions, and the furniture leasing are very useful in order to face the alternatives that Univergy offers.

UNIVERGY Internacional, among its different business areas, specializes in the development, manufacturing and assembly of the facilities of photovoltaic solar energy generation for pumping agricultural irrigation systems. These pumping systems are the most sophisticated, reliable and efficient in the world, for they have Japanese technology.

Those who are interested will have available other customized credit products such as confirming, Comex lines to support internationalization, loan campaign expenses at zero interest rates or advances on subsidies or taxes, without forgetting that Univergy clients will also access the ABANCA insurance offer, which provides the most specialized care and policies that best adapt to each need.

These funding alternatives will allow the development of photovoltaic solar facilities, taking advantage of the experience offered by Univergy for the last 20 years in Castilla y León. These equipments cover all types of pumps and powers regardless of the irrigation system available to the farmer (pivot, cover or drip). The system installed have proved, after thousands of hours of operation, a decrease in the energy bill of the farmer by 85%, while there is an increase in agricultural production because of the greater availability of water and irrigation management.

The agricultural pumping facilities of Univergy integrate an energy management system into the agricultural sector that allows a rational use of water, along with simple control by the farmer. The reliability of the facilities is credited with a five-year warranty. The investment has a repayment deadline of approximately five years and the shelf life of these equipments exceeds vastly 20 years.

About UNIVERGY SOLAR

UNIVERGY International is a Spanish-Japanese company based in Tokyo and Madrid and specialized in the development of large-scale renewable energies projects with an international presence in more than 20 countries in the world. It has a extensive know-how of more than 20 years in the development of energy generation from renewable sources, with a portfolio of projects under development exceeding 3.5 GW.

Web: www.univergysolar.com

About ABANCA

ABANCA is one of the reference entities in the financial field in the Spanish Northwest, as well as in the rest of the national and international territory. Through its specialized unit, ABANCA Agro offers adapted solutions to the group’s needs. This rubric allows to keep betting on the modernization of the facilities and the improvement of the energy eficiency of the primary sector.