BBVA rises to seventh in UK project finance, mobilising £1.36 billion
The bank ranks seventh by volume and eighth by number of project finance transactions in the UK, according to Refinitiv. The UK, one of the most dynamic and competitive markets in Europe, remains a strategic priority for BBVA CIB, which mobilised £1.36 billion in 2025 to finance key projects in the energy transition, clean technologies and essential infrastructure.
According to the latest Refinitiv data (as of end 2025), BBVA is now among the top ten banks active in project finance in the United Kingdom by both volume and number of transactions. The bank improved its position from 14th in 2024 to 7th in 2025 by volume and ranks eighth by number of deals, reflecting a clear strengthening of its franchise in the UK market and continued growth in structured finance across Europe.
This progress is supported by strong financing activity throughout the year. In 2025, BBVA mobilised £1.36 billion in financing for high-impact projects across the UK, reinforcing its presence in sectors that are critical to the country’s transformation and accounting for nearly a quarter of all project finance deals completed in the market. Key highlights include nearly £400 million in carbon capture, utilisation and storage (CCUS); more than £600 million for renewable energy initiatives in solar and wind; over £180 million linked to electric mobility and energy storage; and more than £200 million in essential infrastructure, including water, pipelines and recycling.
The bank improved its position from 14th in 2024 to 7th in 2025 by volume and ranks eighth by number of deals
This performance comes at a particularly dynamic moment for infrastructure investment in the UK. “The 2025 fiscal year marked a turning point for the British infrastructure market. The momentum of recent months has created a highly favourable environment for the mobilisation of private capital,” said José Antonio Carbonero, Managing Director responsible for Project Finance in the UK. “We’ve seen sustained growth in the financing of strategic infrastructure, coupled with increased debt issuance and renewed investor interest in essential and regulated assets. Our response has been clear: to be present in the projects that are shaping the country’s economic future.”
Projects shaping the new UK infrastructure landscape
The bank’s activity in the UK is fully aligned with the priorities outlined in the National Infrastructure Plan. Within this framework, BBVA is supporting its clients in the development of projects that accelerate the energy transition, strengthen essential public services and contribute to the digital transformation of the UK economy.
Among the most significant transactions of the year is the financing of the Sizewell C nuclear project, which closed at £38 billion, with BBVA acting as a key banking partner. In the energy transition space, the bank served as Mandated Lead Arranger in the two largest offshore wind farms closed in 2025, as well as in the three largest CCUS transactions. Additionally, BBVA led the financing of the UK’s largest gigafactory for electric vehicle battery production, further consolidating its position in emerging industrial sectors and clean technologies.
With a strong position in the UK market, a clearly defined strategy and a specialised sector-based approach, BBVA reaffirms its role as a leading infrastructure financier in the country. The bank remains firmly committed to supporting sustainable, innovative and resilient projects, fully aligned with the UK’s strategic objectives for the decades ahead.