-- Envision Energy said on Friday it had secured $500 million in financing from Banco Bilbao Vizcaya Argentaria to expand renewable energy projects across Europe, Asia, and Latin America.
The deal is designed to provide flexible financing solutions to Envision's customers, including diversified funding instruments, improved working capital management, and extended payment terms.
The program will enable financing to be arranged earlier in project development and includes advisory services throughout the lifecycle of renewable energy projects, helping to ease capital constraints and accelerate deployment.
Earlier this year, Envision secured a $600 million-equivalent sustainability-linked syndicated loan in Hong Kong, with BBVA as one of the mandated lead arrangers.
"The global energy transition requires not only technological innovation, but also forward-looking financial solutions that can accelerate deployment at scale," said Henry Peng, senior vice president at Envision Energy and president for Europe and Latin America.