Clean Water and Sanitation
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.
28 Mar 2019
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.
05 Apr 2018
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.
21 Jul 2016
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.