Affordable and clean energy

Garanti BBVA Leasing has consistently offered the best financial solutions. It is now moving to strengthen its solar energy service offering by signing a partnership agreement with Başarı Enerji, one of the leading companies in the sector.

Garanti BBVA Leasing continues to build on its support for renewable energy development. Most recently, the bank has signed a partnership agreement with Elin Enerji, one of Turkey's most important energy companies

In order to bring relevant solutions to investors in solar energy projects, Garanti BBVA Leasing announced the signing of a partnership agreement with Elseroof Enerji and Heran Enerji, two leading companies in this sector.

CW Enerji, Europe's largest solar power system manufacturer, has signed an agreement with Garanti BBVA Leasing, one of the industry's leading leasing companies. As part of the framework agreement, tailored financial support will be offered to clients for the installation of solar-powered electric energy stations.

Garanti BBVA Leasing and Smart Energy, one Turkey’s largest solar power project developers, sign a strategic alliance to offer financing to investors interested in this sector.

BBVA is the only Spanish bank to have signed a declaration calling for the need to include investing in renewable energy in the economic reconstruction plan proposed by the European Commission. It is one of the private sector’s latest calls to action to governments that are “committed to a green recovery, once the worst of the COVID-19 crisis is over.”

Garanti BBVA Securities assumed the sole financial advisory services role in the largest power plant sale in 2019 in Turkey. The recently announced deal consisted of the sale of Zorlu Rüzgar to renewable energy company, Akfen Yenilenebilir.

Between January 2016 and December 2018, BBVA Group reduced its energy consumption by 7 percent per employee. This savings reaffirms the bank’s commitment to sustainability. By December 2018, the Group had hit its targets of having 35 percent of the energy it consumes coming from renewable sources and reducing its CO2 output by 27 percent compared to 2016. October 21 marks World Energy Savings Day and intends to raise awareness about energy efficiency and the need for responsible and sustainable guidelines governing the consumption of the planet’s resources.

Energy savings at BBVA’s headquarters is 5,766,731 kWh a year, equivalent to the consumption of 1,900 households. This equals 12 to 15 percent less than when the complex was inaugurated in 2015 and a 1,430-metric ton per year reduction of CO2 emissions. The building’s sustainable design and equipment are not solely responsible for this success: tools powered by artificial intelligence have also been used to optimize the bank's energy use.

How is the electricity market changing with the arrival of renewable energy? How will green energy and its marketing evolve? Are companies advancing in the transition to a decarbonized economy at the pace the planet needs? These are some of the questions posed in the event organized by the newspaper El País “Marketing renewable energy” on June 6th.

A commitment to sustainable development is the best guarantee for a better future. All measures aimed at improving energy efficiency and increasing the use of renewable energy are welcome in this undertaking. This is precisely the objective of the United Nations seventh Sustainable Development Goal (SDG): to ensure access to affordable, reliable, sustainable and modern energy for all, an objective that BBVA is also actively supporting.

Iberdrola has successfully signed, with BBVA acting as lead arranger and sustainable agent, a new €1.5 billion multi-currency syndicated credit facility linked to sustainability criteria. This is the first transaction aligned with the 'just transition’ concept, introduced in the Paris Agreement.

BBVA signed the first credit with CESCE coverage to receive “green” certification. BBVA granted a five year loan for €16.5 million to the Colombian company HIDRALPOR. This innovative operation allows BBVA to consolidate its leading position in sustainable finance on a global scale.

Renovalia is the first company to secure a 'green project finance’ loan to fund the development of a renewable energy project in Spain. BBVA acted as ‘green loan coordinator’ of this €74 million facility, which will allow the company to fund Project Wind, which envisages the construction of two wind farms, one in Lleida and one in Barcelona, with 70 MW of combined installed capacity.

The Observatorio Empresarial contra la Pobreza (Business Observatory to Combat Poverty), with the support of BBVA, has published a report entitled The road to youth employment. What can businesses do. The report addresses the problem of youth unemployment and its consequences from a number of angles.

Renewable energies are not only an investment opportunity, a response to the planet's urgent need for sustainability and a change that will improve our lives –they can also rescue remote populations from their isolation and help ease their problems. Microgrids are making giant strides in every corner of the world, combining goals and mobilizing interests.

Wind has garnered a reputation for being not only an environmentally-friendly, but also a wallet-friendly alternative to produce electricity at a utility-scale level. This is in sharp contrast to the U.S. debut of large wind farms in 1980, which were primarily in response to environmental concerns and emissions reductions standards. Moreover, estimates on the cost of producing electricity with wind energy have been trending downward, making wind energy competitive with conventional energy sources, even after taking into account both government incentives and the historically low prices of natural gas and  coal.

In just a few years, Chile has left behind a power generation landscape dominated by conventional generation sources to become one of world’s top-investors in non-conventional renewable energy projects (NCRE) and one of the regional leaders in solar power technology. The boom is driven by factors such as an extensive coastline, a desert under recurrently clear blue skies and regulations that encourage operators